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13103 Old Mudbrook RD Milan, OH 44846
3,930 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,930 sqft
Price per Sqft $76
Subdivision Milan Township
MLS Listing ID 20264281
HOA Y/N No
Year Built 1920
Annual Tax Amount $2,234
Tax Year 2025
Lot Size 0.357 Acres
Property Sub-Type Multi Family
Property Description
INVESTORS TAKE NOTICE! 5-UNIT INCOME PROPERTY IN THE HIGHLY DESIRABLE EDISON SCHOOL DISTRICT!An excellent opportunity to acquire a 5-unit investment property in a peaceful rural setting within the sought-after Edison School District!INSTANT INCOME WITH VALUE-ADD POTENTIAL! Four of the five units are currently occupied, providing immediate rental income, while the vacant unit offers an opportunity for improvements and potential rent growth. With some cosmetic updates and strategic upgrades, there may be significant potential to increase rental income, build equity, and improve your overall return on investment.PROPERTY HIGHLIGHTS:*Five residential rental units*Four units currently occupied. No Section 8 tenants.*Three units are on month-to-month lease basis.*Desirable rural location in the Edison School District*Separate electric service for each unit*Shared water system and septic system*Septic system maintained by Franklin Sanitation*Opportunity to increase rental income through updates and improvements*Immediate income from existing tenantsUNIT CONFIGURATION:All 2 bd, 1 bathUnit A - Lower Rear: $650 Lease expires 2/28/2027Unit B - Lower: $1000Unit C - Upper: Vacant (Market Rent $1,100.00)Unit D - Upper: $1000 At-will since 7/31/2025Unit E - Lower: $950SHOWING INFORMATION: The vacant unit is available for showings. To respect the privacy of existing tenants and minimize unnecessary disruptions, occupied units will be made available for viewing upon receipt of a Letter of Intent (LOI).THE OPPORTUNITY- Purchase an income-producing property with existing cash flow, make strategic improvements over time, and potentially enjoy increased rental income and long-term appreciation.Experienced investors know the money is often made by recognizing potential before everyone else does!*To respect tenants privacy there are no interior photos of occupied units*
Location
State OH
County Erie
Rooms
Basement Partial
Interior
Heating Electric, Baseboard
Appliance Range, Refrigerator
Exterior
Parking Features Off Street
Utilities Available Electricity Connected
View Y/N No
Building
Foundation Basement
Sewer Septic Tank
Water Rural
Schools
Elementary Schools Edison
Middle Schools Edison
High Schools Edison
Listed by Tarina M Sidoti • Berkshire Hathaway HomeServices Pro. - Sandusky