TITLE:
Vacant Residential Building Lot in Chillicothe, OH
CONTROL:
Owner
VALUE:
$29,900
LOAN:
$0
EQUITY:
$29,900
TYPE:
Land
HAVE:
Residential building lot in Chillicothe, OH. Address of this property would be 325 Devon Road. 90x163 with 2 access points into lot. Broker/Owner. Near the Ohio University-Chillicothe branch campus. This area is referred to as "The Hilltop". Lot is level
ADDRESS:
325 Devon Road (Ross County, City of Chillicothe), Chillicothe, Ohio
BENEFITS TO NEW OWNER:
One of the best level vacant building lots in the city, in a desirable area. Demand for housing will continue to be strong. Possible Joint Venture.
OTHER FILES:
GROSS SCHEDULED INCOME:
$0
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$0
EXPENSES:
$474
NOI:
$-474
DEBT SERVICE:
$0
CASH FLOW:
$-474
CAP RATE:
0.00%
BENEFITS SOUGHT:
Prefer to go to cash, but will consider owner financing, trades/exchanges, etc.
CAN ADD:
Expertise in other real estate matters, can help solve other problems you may have. Also have vacant rural land (recreational now) in SW Virginia.
REMARKS:
Broker/Owner is ready to move on with this equity. Prefer cash, but will consider other paths to cash, or exchanges. A new home on this lot would probably sell for $250,000. The house next door was sold recently for $205,000 on a smaller lot.
COUNSELOR:
Michael Lane
Magnum Real Estate Advisors, LLC
1091 Eastwind Drive
Westerville, Ohio, 43081
