1901 Clark Avenue | Wellsville
Turnkey Investment Opportunity in Wellsville Ohio! If you\u2019ve been searching for a solid, income-producing property with upside potential, this apartment complex delivers. Situated in Wellsville this well-maintained brick building offers durability, low maintenance, and strong rental appeal. The property features a total of 7 units, including 6 studio apartments and 1 one-bedroom unit, all under one roof. The one-bedroom apartment is currently rented at $775/month, while studio units are bringing in $650/month, with room for future rent optimization. In addition, there is a mobile home located at the rear of the property generating $175/month in lot rent\u2014adding another stream of income. Several units are already occupied, providing immediate cash flow, while the remaining units offer an opportunity to increase revenue as they are leased. Utilities are landlord-paid, with average monthly expenses of approximately $100 for trash, $100 for water, $300 for electric, and $150 for gas\u2014keeping operating costs predictable and manageable. The building itself is in excellent condition, showcasing a strong brick structure that enhances long-term value and minimizes exterior maintenance concerns. Whether you\u0027re looking to expand your portfolio or step into multifamily investing, this property offers stability, income, and growth potential all in one package. Don\u2019t miss your chance to own a versatile investment property with multiple income streams! MLSNow 5205857 Directions to property: Exit to Wellsville then trave; to Clark Ave
Information deemed reliable but not guaranteed. Zid Realty & Associates is a member of the National Association of REALTORS® Equal Housing Opportunity