Commercial Sale in Oberlin

$950,000

540 College, 44074, Oberlin, OH

Commercial Sale for sale in Oberlin, 540 College, 44074

540 College, 44074, Oberlin, OH

$950,000

Type: Commercial Sale

Description

Rare investment opportunity in the heart of Oberlin — a town known for its historic charm, vibrant arts culture, and the nationally acclaimed Oberlin College Conservatory, ranked among the top programs in the country. Ideally located minutes from campus, Finney Chapel performances, Tappan Square gatherings, local shops, restaurants, and major highways, this beautifully maintained 11-unit multifamily property combines strong financial performance with long-term tenant appeal. This turnkey asset features a desirable unit mix of one studio, two one-bedroom, and eight two-bedroom apartments, with 10 of 11 units offering recently updated interiors designed to attract quality tenants. Recent capital improvements include a new boiler, two new water heaters, all new windows, keypad entry systems, updated kitchens and bathrooms, upgraded laundry machines, parking lot resurfaced, and new concrete patios were installed. Amenities include secure building entry, well-appointed common areas, revenue-producing onsite laundry, and numbered parking for each unit. The property has maintained an average 97% occupancy over the past 2.5 years, reaching 98% over the last calendar year, supported by stable, long-term tenancy. A 5.25% assumable loan is available. Full financials available upon request. An exceptional opportunity for investors seeking a well-positioned, income-producing asset in one of Northeast Ohio’s most distinctive and consistently desirable communities.

Location

540 College, 44074, Oberlin, OH

Data

Object TypeCommercial Sale
Purchase Price$950,000
Living Space0 m²
Plot Size1497.34 m²
BathroomsN/A
Construction Year1966
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeGas, Radiant
Primary Energy SourceN/A
Construction Year1966
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent