Urbana Csd 1104 Cha Co. Homes with Apartment Property SubType

Urbana Csd 1104 Cha Co. Homes with Apartment Property SubType

Welcome to Urbana, Ohio, where charm meets opportunity in the heart of Champaign County! If you’re searching for a community that offers both a nurturing environment and excellent educational opportunities, look no further than Urbana City School District (Urbana CSD 1104). This district is dedicated to fostering a love for learning, providing a robust curriculum, and supporting students in achieving their academic goals. With a commitment to excellence, Urbana CSD boasts a variety of programs tailored to meet the diverse needs of its students, ensuring they are well-prepared for their future endeavors.

In addition to its strong educational foundation, Urbana is an ideal place for families and individuals looking for homes that offer both comfort and versatility. The market features an array of homes with apartment property subtypes, perfect for those seeking multi-generational living or investment opportunities. These properties not only provide ample living space but also the potential for additional rental income, making them a smart choice for savvy buyers.

Imagine enjoying the quaint, small-town atmosphere while having access to modern amenities and recreational activities. From local parks to community events, Urbana fosters a sense of belonging and connection. Whether you’re a first-time homebuyer or looking to expand your real estate portfolio, Urbana’s homes with apartment properties are a fantastic option in a community that values education, growth, and togetherness. Discover your perfect home in Urbana today!

Newest Urbana Csd 1104 Cha Co. Homes with Apartment Property SubType

$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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