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.