Urbana Homes with Apartment Property SubType

Urbana Homes with Apartment Property SubType

Welcome to Urbana, Ohio – a charming city nestled in the heart of Champaign County, where small-town charm meets modern convenience. Known for its rich history and vibrant community, Urbana offers a unique blend of picturesque landscapes and urban amenities. With its tree-lined streets, historic downtown, and welcoming atmosphere, it’s no wonder that so many are drawn to call this lovely city home.

Urbana is not just a place to live; it’s a community that thrives on connection and growth. The city is home to a variety of parks, recreational facilities, and local events that foster a strong sense of belonging. Whether you’re exploring the scenic trails of the nearby parks or enjoying the local farmers' market, Urbana provides endless opportunities for outdoor activities and community engagement.

For those seeking investment opportunities or multi-generational living, homes with apartment property subtype are a fantastic option in Urbana. These properties offer the perfect blend of space and versatility, allowing homeowners to enjoy their own living area while also providing the potential for rental income. Imagine having a cozy apartment right in your backyard, perfect for guests, family, or as a source of passive income.

With an array of charming homes featuring apartment units, Urbana is an ideal location for both first-time buyers and seasoned investors. The real estate market here is thriving, with properties that cater to a variety of needs and lifestyles. Explore the possibilities of Urbana, where your dream home awaits, complete with the convenience of apartment living!

Newest Urbana Homes with Apartment Property SubType

$1,250
2 Beds ⋅ 2 Baths ⋅ Catherine A Burner

203 E Reynolds Street E 207 Unit 207, Urbana

Listing Courtesy of : Catherine A Burner ---- Ardent Realty
$809,900
⋅ V. Patrick Hamilton
This income-producing multi-family investment property offers 12 rental units across five separate buildings on a combined 1.19 acres and is being sold with three parcels. Whether you're purchasing your first multi-unit property or expanding an existing investment portfolio, this property allows an additional upside through future rental increases. The property includes four duplex buildings located at 652-656 Hagenbuch Street, 660-664 Hagenbuch Street, 668-672 Hagenbuch Street, and 807-809 Concord Street. Each duplex contains two 2 bedrooms, 1 bath apartments. The fifth building, located at 620-644 Hagenbuch Street, is a four-unit building featuring two 2 bedrooms, 1 bath apartments and two 1 bedroom, 1 bath apartments. Combined, the five buildings offer approximately 7,232 square feet of living space and generates a rental income of $8,675 per month. Some units have been remodeled, while others present opportunities for value-added improvements. Current rents range from $425 to $900 per month, offering potential for increased income as leases renew. The property also benefits from a stable tenant base, with several long-term residents who have occupied their units for 11, 15, and more than 20 years. The sale includes 12 refrigerators and 12 ranges, allowing for a smooth transition to new ownership. The owner currently pays for water, sewer and trash service, with water/sewer expenses averaging approximately $360 per month, while tenants are responsible for all other utilities. Current annual property insurance is approximately $6,100. With a diverse unit mix, established occupancy, and opportunity to increase rental income, this well-located multi-family property presents an excellent investment opportunity for both new and experienced investors.

620-672 Hagenbuch Street, Urbana

Listing Courtesy of : V. Patrick Hamilton ---- REMAX Alliance Realty
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