310 N Cherry St
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310 N Cherry St
4 Unit Block of Flats £136,929 (£34,232/Unit) 12% Net Initial Yield Eaton, OH 45320
Investment Highlights
- Excellent opportunity to invest in desirable Eaton OH
- Very high rental demand area.
Executive Summary
What a great opportunity to redevelop this total 14,000+ SF property. It boasts a range of versatile spaces, including a single or four multi-family unit, a fitness facility, a child care facility or a rehabilitation center as there are endless possibilities. Years ago this two story home was the Governor Harris Homestead-Senior Living Center so there is plenty of parking space available on this double lot. The original historic 2 story home built in 1837 offers 2400 SF and in 1970 two assisted living wings were added. Much of the interior has a primer coat of paint and several of the kitchens and bathrooms need updated. A new roof was installed in 2022. The property does offer four meters. Please check with local zoning for any business or residential restrictions or questions. This historic home sits across from the Residences at Eagles Point and within walking distance to downtown Eaton. This prime location and 14,000+ SF is more than just a residence! Embrace this great space with endless possibilities! Please contact Marilyn Haber for all showings and additional information @ 937-477-0698
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Amenities
- Wooden Floors
- Basement
- Family Room
- Recreation Room
- Wheelchair Accessible (Rooms)
Site Amenities
- Laundry Facilities
- Games room
- Vintage Building
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 10+5 | 4 | - | 2,000 - 2,500 |
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310 N Cherry St
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