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303 E Main St 5 Unit Apartment Building $1,155,563 CAD ($231,113 CAD/Unit) 7.83% Cap Rate Enon, OH 45323
Investment Highlights
- 100% Occupied Mixed Use Apts and Salon
- Upside potential
- Generous on site parking
Executive Summary
Turnkey, fully occupied mixed-use property offering immediate cash flow and future upside.
This unique asset features five spacious 3-bedroom, 1-bath residential units plus a
well-established salon totaling approximately 2,300 square feet, creating a strong and
diversified income stream.
One of the residential units has been completely remodeled, while the remaining units are well-maintained and in solid condition. The first-floor apartment and the salon both
feature central air and heat for added tenant comfort. The four upper-level units are equipped with window A/C units and baseboard heating.
Current gross rents total $6,500 per month ($78,000 annually) with additional value-add
potential through a possible studio/efficiency conversion. Recent updates include
improvements to the water heater, windows, and siding, helping reduce future capital
expenditure concerns.
Ideally located near Greenon Schools, WPAFB, dining, and everyday conveniences, this
property combines stability, location, and growth potential — a compelling addition to any
investment portfolio.
This unique asset features five spacious 3-bedroom, 1-bath residential units plus a
well-established salon totaling approximately 2,300 square feet, creating a strong and
diversified income stream.
One of the residential units has been completely remodeled, while the remaining units are well-maintained and in solid condition. The first-floor apartment and the salon both
feature central air and heat for added tenant comfort. The four upper-level units are equipped with window A/C units and baseboard heating.
Current gross rents total $6,500 per month ($78,000 annually) with additional value-add
potential through a possible studio/efficiency conversion. Recent updates include
improvements to the water heater, windows, and siding, helping reduce future capital
expenditure concerns.
Ideally located near Greenon Schools, WPAFB, dining, and everyday conveniences, this
property combines stability, location, and growth potential — a compelling addition to any
investment portfolio.
Property Facts
| Price | $1,155,563 CAD | Building Class | C |
| Price Per Unit | $231,113 CAD | Lot Size | 0.38 AC |
| Sale Type | Investment | Building Size | 11,736 SF |
| Cap Rate | 7.83% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1974/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.65/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $1,155,563 CAD |
| Price Per Unit | $231,113 CAD |
| Sale Type | Investment |
| Cap Rate | 7.83% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 11,736 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2024 |
| Parking Ratio | 1.65/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $140,049 CAD | |
| Land Assessment | $27,173 CAD | Total Assessment | $167,222 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$27,173 CAD
Improvements Assessment
$140,049 CAD
Total Assessment
$167,222 CAD
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303 E Main St
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