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533 Wheeling Avenue

Cambridge, OH 43725
  • $296,900
  • STATUS: Contingent
  • ON SITE: 162 Days
  • MLS #: 5014914
Under Contract
$296,900
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1888
County:
Area:

School Ratings & Info

School District:
Listing courtesy of Carol Goff & Associates.
Listing information © 2024 YES-MLS.

Description

Savvy investors are being rewarded for their vision and appreciation of historic buildings as they reimagine the possibilities of these multifamily and multiuse properties and reap the rewards of possible tax credits and Historic District grants. There is a submission process with guidelines to follow. This historic property in downtown Cambridge is evidence that what has been working well in bigger cities can work in smaller towns as well. This beautiful building was built in 1888 and features a number of updates. The main level houses a 3000 sq ft retail, office or community space for which there is no shortage of ideas. There are six rental units with a combined income potential of $6150 or more with recent HUD increases. Updates include heating, drywall, kitchens, bathrooms and electric (2017). Two of the front units were completely renovated in 2022. A bit more renovation would maximize income potential. All units have access to off-street parking. Adjoining property is also available to purchase. This is a great investment opportunity!

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Listing information © 2024 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Kennen & Kennen Realtors are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2024-07-13T00:08:16.043.
www.kennenrealtors.com/homes/147193188
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533 Wheeling Avenue Cambridge, OH 43725

  • Price: $296,900
  • Status: Contingent
  • On Site: 162 Days
  • MLS #: 5014914
0
Beds
0
Baths
0
½ Baths
0.3
Acres
1888
Built
Neighborhood:
Cambridge
County:
Guernsey
Area:
Cambridge
School District:
Cambridge CSD
Property Description
Savvy investors are being rewarded for their vision and appreciation of historic buildings as they reimagine the possibilities of these multifamily and multiuse properties and reap the rewards of possible tax credits and Historic District grants. There is a submission process with guidelines to follow. This historic property in downtown Cambridge is evidence that what has been working well in bigger cities can work in smaller towns as well. This beautiful building was built in 1888 and features a number of updates. The main level houses a 3000 sq ft retail, office or community space for which there is no shortage of ideas. There are six rental units with a combined income potential of $6150 or more with recent HUD increases. Updates include heating, drywall, kitchens, bathrooms and electric (2017). Two of the front units were completely renovated in 2022. A bit more renovation would maximize income potential. All units have access to off-street parking. Adjoining property is also available to purchase. This is a great investment opportunity!
Exterior Features

Attached Garage YN No Parking Features On Site Paved On Street Roof Asphalt Fiberglass Rubber

Interior Features

Basement Crawl Space Basement YN No Building Area Total 10322 Cooling Window Units Cooling YN Yes Heating Baseboard Electric Forced Air Gas Heating YN Yes Main Level Bathrooms 0

Property Features

Current Use Residential Elementary School District Cambridge CSD - 3001 Middle Or Junior School District Cambridge CSD - 3001 Property Sub Type Apartment Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 5676 Township Cambridge Twp Water Source Public

Listing information © 2024 YES-MLS.
Listing provided courtesy of Carol Goff & Associates: 740-439-1111.
Listing information © 2024 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Kennen & Kennen Realtors are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2024-07-13T00:08:16.043.
 
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Kennen & Kennen Realtors
2241 Chapline St.
Wheeling WV, 26003
Listing courtesy of Carol Goff & Associates.
Listing information © 2024 YES-MLS.