246 E Market Street
Xenia, OH 45385
- 6 beds
- 6 baths
- – sqft
- ~1/2 acre lot
- 1864 build
- – on site
ATTENTION SERIOUS INVESTORS!!! This gorgeous 7663 SQ FT Italianate-style brick apartment building was built by James B Monroe in 1864. Many classic features remain today, including a winding staircase with a solid wood banister that goes all the way up to the floored attic, stunning wood baseboards and doors, many with transoms, ornate fireplaces (not warranted), built-in cupboards/drawers, amazing 19th century window trim, high ceilings, and hardwood floors. Recent updates include 6 new water lines (need connected at the main), new roof, electric panels, sewer line, gas line, water heaters and removing wallpaper. Rehab continues, but the seller is ready to move on. The property is being SOLD AS IS with NO REPAIRS & NO UPDATES. Although the listing says 6 bedrooms/6 baths, that is the POTENTIAL. Four of the apartments have two huge rooms each, but the kitchens and bathrooms are only started. The floored attic, though somewhat framed for a studio, would still be considered an attic. (The attic windows are new sliding vinyl windows with screens). There is a finished apartment in the rear of the building that is currently occupied. That apartment is on a month-to-month lease at $500 per month. Tenants pay all utilities. Total income potential is reserved for the forward-thinking investor. There is a small parcel behind the main parcel that is included in the price. Historic note: Construction of the current building was begun before the Civil War and then halted until the war was nearly over. Before that, the original structure (since demolished) was used as an Underground Railroad Safehouse. According to the Greene County Historical Society, the James B Monroe House is a historic building, BUT it is not protected by any historic registry or restrictions. It can be updated to modern standards and sensibilities. This is a must see investment opportunity! Bring your creative imagination and plan your next step toward making this property a lucrative income stream.
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Last updated Apr 26, 2024
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MLS# 908494 —
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/13/24
Apr 13, 2024
|
Listed / Active | DABR | $219,900 |