644, Hagenbuch, Street, Urbana, OH, 43078
644, Hagenbuch, Street, Urbana, OH, 43078Location Details
- County Or Parish: Champaign
- School District: Urbana
- Zoning: Residential
Property Details
- Lot Dimensions: 1.19 Acres
- Parcel Number: K48-25-00-04-05-012-02
- Construction Type: Asbestos,Vinyl
- Distressed Property: None
- Transaction Type: Sale
Property Features
- Utilities: Natural Gas,Public Water,Sanitary Sewer
- Appliances: Range,Refrigerator
- Basement: Crawl Space
- Heating: Natural Gas
- Cooling: None
- Garage: None
Miscellaneous
- Virtual Tour URL: https://www.propertypanorama.com/instaview/wrist/1047199#tour
- Taxes Semi Annual: 2837.00
- Assessments: Unknown
Basics
- Baths Full: 14
- Baths Half: 0
- Date added: Added 2 days ago
- Acres: 1.1900
- Listing Contract Date: 2026-07-22
- Category: Multi-Family
- Type: 5+ Units
- Status: Active
- Bedrooms: 14
- Bathrooms: 14.00
- Area: 7232 sq ft
- Year built: 1955
- MLS ID: 964781
Courtesy of
- Office Name: RE/MAX Alliance Realty
- Agent Name: V Patrick Hamilton
- Agent Email: patrickh@remax.net
- Agent Phone: (937) 869-1809
Description
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Description:
This income-producing multi-family investment property offers 12 rental units across five separate buildings on a combined 1.19 acres and is being sold with three parcels. Whether you're purchasing your first multi-unit property or expanding an existing investment portfolio, this property allows an additional upside through future rental increases. The property includes four duplex buildings located at 652-656 Hagenbuch Street, 660-664 Hagenbuch Street, 668-672 Hagenbuch Street, and 807-809 Concord Street. Each duplex contains two 2 bedrooms, 1 bath apartments. The fifth building, located at 620-644 Hagenbuch Street, is a four-unit building featuring two 2 bedrooms, 1 bath apartments and two 1 bedroom, 1 bath apartments. Combined, the five buildings offer approximately 7,232 square feet of living space and generates a rental income of $8,675 per month. Some units have been remodeled, while others present opportunities for value-added improvements. Current rents range from $425 to $900 per month, offering potential for increased income as leases renew. The property also benefits from a stable tenant base, with several long-term residents who have occupied their units for 11, 15, and more than 20 years. The sale includes 12 refrigerators and 12 ranges, allowing for a smooth transition to new ownership. The owner currently pays for water, sewer and trash service, with water/sewer expenses averaging approximately $360 per month, while tenants are responsible for all other utilities. Current annual property insurance is approximately $6,100. With a diverse unit mix, established occupancy, and opportunity to increase rental income, this well-located multi-family property presents an excellent investment opportunity for both new and experienced investors.
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