71 W Washington Street, Athens, OH 45701

Attention Investors! No matter how you approach the valuation of this property, you arrive to the same conclusion: You can purchase this below-market property right now, invest a little capital, market immediately (and there are tons of anxious, prospective renters in the market right now) and profit! This five unit multi-family dwelling has four single units and one three occupant unit. Let me walk you through the valuation... estimate a conservative gross potential income of $42,000, subtract operating expenses, property tax and insurance premium and you end up with a net operating income of over $25,000. After applying locally appropriate cap rate, the valuation you end up with is 25% higher than this list price! This is an opportunity for a seasoned investor to add to their portfolio or for a newer investor to start. This property is currently vacant, but has an active rental permit with Athens Code Enforcement for a total occupancy of seven.