445 E Church St, Urbana, OH. 43078

Price: $179,900

Price: $134,995

445 E Church St

Urbana, OH, 43078

Price: $179,900

Price: $134,995

TRIPLEX

445 E Church St

Urbana, OH, 43078

Rehab Needed: $0-$39,000

ARV: $250,000

Current Rent: $1,700

Watch The Following Quick Exterior Video

Price = $134,995

Bedrooms: 4

Bathrooms: 3.5

Stories: 2

Basement: Partial/Unfinished

Square Feet: 3,521

Garage: NONE

CASH COW FULLY OCCUPIED BRINGING IN $1,700 PER MONTH. BUYER TO RECEIVE SECURITY DEPOSITS AND LEASES AT CLOSING

CURRENT ZESTIMATE: $233,400

CURRENT ASSESSED VALUE: $183,710

  • Building Specifications:

    • Type: 3-Family Triplex

    • Size: 3,521 sq.ft

    • Built: 1900

    • Units: Two 1 bed, 1 bath units. One 2 bed, 1.5 bath unit.

    • Additional Space: Large unfinished attic (potential for added square footage)

    • Basement: 596 sq.ft., partial, unfinished

    • Other Features: Large covered porch

  • Financials:

    • Monthly Income: $1,700 (fully occupied)

    • Currently Included in rent: Water, Sewage, and Trash

  • Property Condition:

    • Clean interiors and exteriors

    • Well-maintained by tenants

    • Updates include selected flooring and bathroom fixtures

  • Utilities:

    • Separately metered for easy tenant payment

  • Included in Sale:

    • Security deposits and lease agreements will be transferred at closing.

This property offers a solid return with the potential for increased square footage utilization in the attic space. Its clear maintenance record and utility division make it an efficient choice for investors. If the buyer invests in updating the property, there's potential to command higher rents.

Photos of the property

Comparable Sales

Comp 1

Address: 541 S Walnut St

Sales Price: $235,000

Sales Date: 11/4/2022

Distance Away: 0.70 Mile

Property Type: DUPLEX

Square Footage: 1,682

Year Built: 1900

Bed/Bath: 3 / 2.0

Basement: Full/Unfinished

Garage: 2 Car Detached

Price Per SQ.FT: $139.89

Comp 2

Address: 137 E Court St

Sales Price: $275,000

Sales Date: 10/3/2022

Distance Away: 0.30 Mile

Property Type: TRIPLEX

Square Footage: 4,752

Year Built: 1915

Bed/Bath: 4 / 4.0

Basement: Full/Unfinished

Garage: NONE

Price Per SQ.FT: $57.79

Comp 3

Address: 302 W Reynolds St

Sales Price: $205,000

Sales Date: 01/27/23

Distance Away: 0.64 Mile

Property Type: DUPLEX

Square Footage: 3,404

Year Built: 1885

Bed/Bath: 5/ 2.5

Basement: Partial/Unfinished

Garage: 3 Car Detached

Price Per SQ.FT: $60.11

Comp 4

Address: 201 W Ward St

Sales Price: $179,900

Sales Date: 5/12/2023

Distance Away: 0.47 Mile

Property Type: DUPLEX

Square Footage: 1,817

Year Built: 1900

Bed/Bath: 5 / 2.0

Basement: Partial/Unfinished

Garage: NONE

Price Per SQ.FT: $99.01

Comp 5

Address: 431 Railroad St

Sales Price: $160,000

Sales Date: 7/05/2022

Distance Away: 0.84 Mile

Property Type: TRIPLEX

Square Footage: 2,400

Year Built: 1987

Bed/Bath: 2 / 3.0

Basement: NONE

Garage: NONE

Price Per SQ.FT: $66.67

Comp 6

Address: 621 Mosgrove St

Sales Price: $167,000

Sales Date: 7/27/2022

Distance Away: 1.1 Mile

Property Type: DUPLEX

Square Footage: 1,870

Year Built: 1967

Bed/Bath: 4 / 3.0

Basement: Full/Unfinished

Garage: 3 Car Detached

Price Per SQ.FT: $89.30

Comparable Sales

Comp 1

Comp 2

Comp 3

Address

541 S Walnut St

137 E Court St

302 W Reynolds St

Sales Price

$235,000

$275,000

$205,000

Sales Date

11/4/2022

10/3/2022

1/27/2023

Distance Away

0.70 Mile

0.30 Mile

0.64 Mile

Property Type

DUPLEX

TRIPLEX

DUPLEX

Square Feet

1,682

4,752

3,404

Year Built

1900

1915

1885

Beds/Bath

3/2.0

4/4.0

5/2.5

Basement

Full/Unfinished

Full/Unfinished

Partial/Unfinished

Garage

2 Car Detached

NONE

3 Car Detached

Price Per SQ.FT.

$139.89

$57.79

$60.11

Additional Comparable Sales

Comp 4

Comp 5

Comp 6

Address

201 W Ward St

431 Railroad St

621 Mosgrove St

Sales Price

$179,900

$160,000

$167,000

Sales Date

05/12/2023

07/05/2022

07/27/2022

Distance Away

0.47 Mile

0.84 Mile

1.1 Mile

Property Type

DUPLEX

TRIPLEX

DUPLEX

Square Feet

1,817

2,400

1,870

Year Built

1900

1987

1967

Beds/Bath

5/2.0

2/3.0

4/3.0

Basement

Partial/Unfinished

NONE

Full/Unfinished

Garage

NONE

NONE

3 Car Detached

Price Per SQ.FT.

$99.01

$66.67

$89.30

445 E Church St, Urbana, OH 43078, USA

Comps to support ARV

Comp 1

Comp 2

Comp 3

Address

154 N Woodward Ave

830 Upland Ave

23 Upper Ave

Sales Price

$63,000

$95,000

$82,500

Sales Date

10/21/2022

08/02/2022

9/27/2022

Distance Away

0.4 Miles

.99 Miles

0.7 Miles

Square Feet

1,280

1,568

1,320

Year Built

1905

1948

1930

Beds/Bath

3/1.0

4/2

3/1

Comps to support ARV

Comp 1

Address: 154 N Woodward Ave

Sales Price: $63,000

Sales Date: 10/21/22

Distance Away: 0.4 Miles

Square Footage: 1,280

Year Built: 1905

Bed/Bath: 3 / 1.0

Comp 2

Address: 830 Upland Ave

Sales Price: $95,000

Sales Date: 8/2/22

Distance Away: .99 Miles

Square Footage: 1,568

Year Built: 1948

Bed/Bath: 4 / 2

Comp 3

Address: 23 Upper Ave

Sales Price: $82,500

Sales Date: 9/27/2022

Distance Away: 0.7 Miles

Square Footage: 1,320

Year Built: 1930

Bed/Bath: 3/1