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640 S Prospect Street
640 S Prospect Street
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640 S Prospect Street
640 S Prospect Street
Courtesy of Joshua D Cooper - RE/MAX Revealty
Sold

640 S Prospect Street

640 S Prospect Street, Marion, OH 43302

$72,500
INVESTOR ALERT! Here's your chance to pick up a fully occupied duplex in Marion, Ohio with immediate cash flow and plenty of room to add value.

640 S Prospect St features two 2-bedroom, 1-bath units currently rented at $475 per unit ($950/month total). Long-term tenants are in place, providing stable income from day one.

The property does need some TLC--the detached garage roof needs attention, some windows require repair, and overall cosmetics could use a refresh. That's why we've priced this opportunity to reflect the condition and upside potential.

The Upside:
Marion market rents for similar units are $650-$750/month per side after updates

Future cash flow could exceed $1,300-$1,500/month gross rents

Separate utilities already in place

Easy value-add by cleaning up and increasing rents on turnover.

Studio

9,583.2 Sq.Ft. lot

Josh Cooper

Josh Cooper

Features & Amenities

Area & Lot

  • Status Sold
  • Lot Area9,583.2 Sq.Ft.
  • MLS® ID225020081
  • TypeMulti-Family
  • YEAR BUILT1910
  • NeighborhoodMarion County
  • School DistrictMARION CSD 5102 MAR CO.

Exterior

  • utilitiesElectricity Available
  • sewerPublic Sewer

Financial

  • Sales Price$72,500

Marion County

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