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Sold for $1,225,000 on 02/06/25
  • $1,225,000

    497 Old Boston Rd, Batavia, OH 45103

    40beds
    --baths
    19,260sqft
    Apartment
    Built in 1970
    -- sqft lot
    $1,302,600 Zestimate®
    $64/sqft
    $-- Estimated rent

    Owner options

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    What's special

    Fully occupied multifamily investment opportunity in excellent rental market. Twenty, 2 bedroom apartment units (~750 sqft) in two buildings situated on 1.25 acres. Tenants pay for heat and electric (separately metered). Ample parking onsite w/room for expansion. Onsite pay laundry is managed by 3rd party vendor (Jets). Storage lockers available for each unit. Located 0.5 miles from St Rt 32 and downtown Batavia making it walkable/rideable to shops/dining etc. Short drive to Eastgate shopping district (6.5 miles). Average rents are well below current market rents, coupled with quickly growing demographics and new Purina factorty makes for compelling upside. Current NOI is $120,000+. No owner financing available. 100% occupancy.

    Zillow last checked: 8 hours ago

    Listing updated: February 06, 2025 at 12:43pm

    Listed by:

    Jon A DeCurtins 513-600-7231,

    ERA REAL Solutions Realty, LLC 513-873-6116,

    John B Trautmann 513-315-8629,

    J.A. Trautmann Realty, Inc., W

    Bought with:

    Non Member

    NonMember Firm

    Source: Cincy MLS,MLS#: 1822853MLS LogoOriginating MLS: Cincinnati Area Multiple Listing Service

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 40
    Heating
    • Electric, Forced Air
    Cooling
    • Central Air, Separate Air Conditioning
    Appliances
    • Laundry: Coin Laundry
    Features
    • Storage
    • Windows: Aluminum Frames, Vinyl
    • Basement: None
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 19,260
    • Total interior livable area: 19,260 sqft

    Property

    Parking
    • Total spaces: 80
    • Parking features: Asphalt
    • Garage spaces: 40
    • Uncovered spaces: 40
    Features
    • Levels: Two
    • Stories: 2
    • Exterior features: Balcony
    Lot
    • Size: 1.25 Acres
    Details
    • Parcel number: 060226.043.
    • Zoning description: Multi Family,Commercial

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Apartment
    Materials
    • Brick
    • Foundation: Concrete Perimeter
    • Roof: Shingle,Membrane
    Condition
    • New construction: No
    • Year built: 1970

    Utilities & green energy

    • Gas: None
    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Batavia

    Other

    Other facts
    • Listing terms: No Special Financing,Conventional
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    Estimated market value
    $1,302,600