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798 Waples Avenue

Marion, OH 43302
798 WAPLES
147 BLAINE
316 BLAINE
420 BLAINE
478 CENTER
781 W CENTER
304 CHESTNUT
585 CHURCH
672 CHURCH
140 CLOVER
124 E COLUMBIA
310 COLUMBIA
787 CONGRESS
155 CURTIS
571 DAVIDS
491 DELAWARE
1106 FAIRWOOD
422 GIRARD
149 N GRAND
587 MARY
778 MERKLE
591 MIAMI
625 MIAMI
207 NEIL
230 PARK
531 PARK
322 PEARL
364 PEARL
406 S PROSPECT
489 S PROSPECT
502 S PROSPECT
235 S SEFFNER
264 STATE STREET
328 N STATE
546 TOLEDO
188 UHLER
120 WATERLOO
296 WATERLOO
287 WILLOW
362 WINDSOR
466 WINDSOR
681 WOOD

Price $9,250,000
Agent Kris Harwood
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The Raines Group Real Estate Services is pleased to present 89 single family and multi family homes with a total of 113 units in Marion, Ohio. The portfolio consists of 72 single family homes, 13 duplexes, 1 triplex and 1 sixplex. The homes range in size from 735 - 3104 square feet and have anywhere from 1 - 5 bedrooms. The units are at 97% occupancy with tenants who are responsible for all of their utilities and lawn maintenance. 30 of the homes are sanctioned for Section 8, providing an investor with guaranteed income through government subsidies. The entire portfolio is clustered within a 2 mile radius. The seller made significant improvements and updates to most of the homes upon acquisition. The portfolio is maintained and managed by a team of local professionals including two full time maintenance workers and one full time property manager. With its close proximity to the growing and thriving city of Columbus, Ohio, the new home of Intel’s semiconductor fabrication plants, Marion stands to benefit greatly with new tenants and higher property values. The monthly rents being 21% below the market rate presents an opportunity for the investor to increase rental income by bringing the rents up to market value gradually. The 13% year-over-year rental increase is also a positive trend that bodes well for the portfolio's future growth.

  • MLS Number: 223012601
  • Acres: 0.11
  • New Construction: No
  • School District: MARION CSD 5102 MAR CO.
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Phone Number

614-924-9000

Email

info@therainesgroup.com

Address

6525 West Campus Oval Suite 111
New Albany, Ohio 43054

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