1502 State Route 113Milan, OH 44846

1502 State Route 113Milan, OH 44846

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$150,000
Multi Unit - Multiple MLS 20261901 New to the Market

Listed By

Agency Name: RE/MAX Quality Realty - Norwalk

Shown By

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

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Property Description

Investor special in Milan featuring two homes on one lot! Unit 1502 offers 2 bedrooms, 1 full bath, and approximately 590 square feet. Unit 1504 features 2 bedrooms, 1 full bath, and approximately 670 square feet, plus appliances that will stay with the property. Excellent income-producing opportunity with separate living spaces ideal for rental properties or owner-occupancy with additional income potential. Unit 1502 was previously rented for $700/month, and Unit 1504 was previously rented for $750/month. Great opportunity to expand your investment portfolio!

1502 State Route 113, Unit 2 | MLS# 20261901

This multi-family property located at 1502 State Route 113, Unit 2, Milan, OH 44846 is currently listed for sale with an asking price of $150,000. Search Milan real estate on 4920ponddrivenw.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Fuel Type: Gas
Heating: Forced Air
Home Style: 1 Story
Lot Size: 0.75 Acres
Stories: 1.0
Taxes: $703
Year Built: 1920

Feature Descriptions

Exterior: Wood
Lot Dimensions: 0.7500 Acre(s)
Parking Notes: Detached Garage
Sewer: Septic Tank
Water: Well

Demographics

Erie County Demographic Information for 1502 State Route 113, Unit 2, Milan, OH 44846
Fips
Fips Code 39043
Population
2020 to 2025 Change down 3.1%
2010 Count 77,079
2020 Count 75,622
2025 Estimate (V2025) 73,296
2020 Estimate (V2025) 75,619
Age Distribution (Years Old)
0 to 4 4.4%
5 to 17 19.2%
18 to 64 51.6%
65 and Older 24.8%
Gender
Male 49.3%
Female 50.7%
Place of Birth
Foreign 2.1%
US 97.9%
Education
High School Graduate, Age 25+ 93.2%
Bachelor's Degree or Higher, Age 25+ 29.0%
Computer and Internet use
Households with a computer 93.9%
Households with a broadband Internet subscription 88.3%
Language
English is Second Language, Age 5+ 3.7%
English is First Language, Age 5+ 96.3%
Veterans
Veterans 4,548
Income
Per Capita Income $40,578
Median Household Income $71,993
People in Poverty 13.1%
Commute
Average Work Commute Time 22 minutes
Housing
Total Housing Units 38,514
Households 32,482
Average Household Size 2.22
Owner-Occupied 71.9%
Multi-Family 18.9%
Owner-Occupied Median Value $199,700
Median selected monthly owner costs -with a mortgage $1,374
Median selected monthly owner costs -without a mortgage $567
Median gross rent $933
Building Permits
New Private Housing Issued 2024 113
Years at Residence
1 Year or More 89.7%
Less Than 1 Year 10.3%
Business and Employment
Private non-farm Establishments 1,802
Private non-farm Employment 32,249
Private non-farm Employment Growth up 0.5%
Nonemployer Establishments 5,359
Number of Firms 1,265
Business Production
Value of Shipments $2,100,909,000
Wholesale Trade $866,902,000
Retail Trade $1,243,980,000
Retail Sales Per Capita $14,037
Accommodation and Food Services $344,313,000
Land
Land Area 251.56 sq. miles
Population Per Square Mile 307

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 872.69 per month $770.36 Principal & Interest $58.58 Property Tax $43.75 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage