411 Bank Street, Lodi, OH 44254 For Sale

Rare opportunity in the heart of the Village of Lodi, Ohio. This 5-unit multifamily complex consists of approximately 1,788 SF on 0.2379 acres. The property includes 3 one-bedroom units (300 SF/ unit), 1 two-bedroom unit (588 SF), and 1 efficiency unit (300 SF). The one-bedroom units include a living room, kitchen (sink, stove, refrigerator), and bedroom. The two-bedroom includes a kitchen (sink, stove, refrigerator, microwave), living room, and 2 bedrooms. The efficiency is one large room that includes a kitchen area with a sink, stove, and refrigerator. The property is serviced by city water and sewer. All units are separately metered with tenants paying for their own electric/gas. The landlord covers water, sewer, and trash services. The landlord handles the landscaping and snowplow. Units are cooled with tenant-provided window A/C units if preferred. Further enhancing the investment appeal, an adjacent parcel is also available for acquisition. This additional offering includes approximately 0.2557 acres featuring a ±1,072 SF retail/office building in shell state (former ice cream stand) and a ±800 SF three-door garage with an existing tenant—creating a unique opportunity for expansion, supplemental income, or future redevelopment. This property is located in an OPPORTUNITY ZONE. The Opportunity Zone program enables investors with capital gains tax liabilities to receive favorable tax treatment for investing in Opportunity Funds certified by the U.S. Treasury. Opportunity Funds provide investors with tax deferral options and potentially permanent exclusion from the taxable income of capital gains. Please contact the local government for further information.