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Turning Houses into HomesSince 1969

551 S Main Street, Marion, OH 43302

$299,900.00
  • 551 S Main Street, Marion, OH 43302 Main Photo

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New to the Market Active
BEDS0 BATHS SQUARE FEET2,391 MLS#226010254
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLMARION CITY

Property Description

Investor Opportunity in the Heart of Marion!Don't miss this fully updated 4-unit income-producing property located at 551-553 S Main St in Marion, Ohio. With 2 - 2 bed units and 2 - 1 bed units this property has currently generated $3,550/month in rental income. This turnkey investment is already ready to start cash flowing from day one! New roof, windows, flooring, paint, lighting, kitchens, bathrooms, and appliances. This property has been thoughtfully renovated and inspected, including a Certificate of Occupancy from the Marion Building and Fire Departments as a 4-unit property, giving you peace of mind and minimizing future maintenance concerns. Even better, it benefits from a Community Reinvestment Area (CRA) tax abatement, helping maximize your return by significantly reducing property taxes for the next 9 years.Situated in a desirable neighborhood with strong rental demand, this location is close to quality schools, local amenities, and major conveniences, making it attractive to long-term tenants.Whether you're a seasoned investor or just getting started, this is a rare opportunity to own a stabilized, income-generating asset with built-in tax advantages!

Property Features

Property Type: Multi Unit - Multiple
Days on Market: 3
Heating: Forced Air
Lot Size: 0.14 Acres
Taxes: $939
Year Built: 1920

Feature Descriptions

Lot Dimensions: 0
Parcel #: 12-3050013.100
Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available

Local Schools

School District: MARION CITY

Listed By / Shown By

Listed By

Agency Name: Generations Realty
Agency Phone: 740-389-5500
Agent Name: Chris Massey

Shown By

Agency Title: Champaign Realty
Agency Phone: 937-747-2234

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Estimate Your Payment

Estimated Payment

$ 1,424.50 per month $1,258.78 Principal & Interest $78.25 Property Tax $87.47 Homeowner's Insurance

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