41 Railroad Street New London, OH 44851

41 Railroad Street New London, OH 44851

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$329,900 Active
Commercial - Business MLS 226006919
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Listed By

Agency Name: Keller Williams Elevate - Strongsville
Agency Phone: 440-572-1200
Agent Name: Tracy J Jones

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Income-Producing Investment Opportunity!This multi-unit property features five rental units, including two 1-bedroom apartments and three 2-bedroom apartments, generating $2,850 per month in rental income. A solid opportunity for investors looking to add a performing asset to their portfolio.The property offers consistent income potential with multiple units and a desirable rental mix. Whether you're expanding your portfolio or entering the investment market, this property provides immediate rental income and long-term potential.PLEASE ALLOW 48 HOURS for response to any offers

41 Railroad Street | MLS# 226006919

This commercial property located at 41 Railroad Street , New London, OH 44851 is currently listed for sale with an asking price of $329,900. Search New London real estate on 542snivelyavenuenw.cutlerhomes.com today.

Property Features

Property Type: Commercial - Business
Days on Market: 13
Lot Size: 0.07 Acres
Taxes: $1,425
Year Built: 1938

Feature Descriptions

Parcel #: 26-0180-03-021-0000

Demographics

Huron County Demographic Information for 41 Railroad Street , New London, OH 44851
Fips
Fips Code 39077
Population
2020 to 2023 Change down 0.6%
2010 Count 59,626
2020 Count 58,565
2023 Estimate (V2023) 58,199
2020 Estimate (V2023) 58,571
Age Distribution (Years Old)
0 to 4 6.2%
5 to 17 24.4%
18 to 64 53.1%
65 and Older 16.3%
Gender
Male 49.6%
Female 50.4%
Place of Birth
Foreign 1.5%
US 98.5%
Education
High School Graduate, Age 25+ 90.2%
Bachelor's Degree or Higher, Age 25+ 15.5%
Computer and Internet use
Households with a computer 91.0%
Households with a broadband Internet subscription 85.6%
Language
English is Second Language, Age 5+ 4.4%
English is First Language, Age 5+ 95.6%
Veterans
Veterans 2,975
Income
Per Capita Income $30,792
Median Household Income $64,144
People in Poverty 12.9%
Commute
Average Work Commute Time 23 minutes
Housing
Total Housing Units 25,314
Households 23,096
Average Household Size 2.50
Owner-Occupied 73.4%
Multi-Family 17.0%
Owner-Occupied Median Value $151,600
Median selected monthly owner costs -with a mortgage $1,180
Median selected monthly owner costs -without a mortgage $488
Median gross rent $805
Building Permits
New Private Housing Issued 2023 65
Years at Residence
1 Year or More 90.2%
Less Than 1 Year 9.8%
Business and Employment
Private non-farm Establishments 1,082
Private non-farm Employment 18,496
Private non-farm Employment Growth up 2.3%
Nonemployer Establishments 3,261
Number of Firms 3,624
Business Production
Value of Shipments $2,455,674,000
Wholesale Trade $0
Retail Trade $687,048,000
Retail Sales Per Capita $0
Accommodation and Food Services $64,022,000
Land
Land Area 491.50 sq. miles
Population Per Square Mile 122

Source: US Census Bureau

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