242 W Highland AvenueRavenna, OH 44266

242 W Highland AvenueRavenna, OH 44266

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$240,000 Active
Multi Unit - Multiple MLS 5163600
5 beds 3 full baths 2,571 sqft
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Listed By

Agency Name: Berkshire Hathaway HomeServices Stouffer Realty
Agency Contact: jturner.realtor@gmail.com, 330-554-6507

Shown By

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

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Property Description

Great investment opportunity in the heart of Ravenna! This fully occupied triplex generates $2,400/month in gross income and features three well-maintained units?one 3-bedroom and two 1-bedroom apartments. Each unit offers spacious rooms, excellent storage, and separate utilities (owner pays water, sewer, and trash). Tenants cover gas and electric. Additional highlights include a large off-street parking lot accessed from Springfield Ave, public utilities, and a solid rental history. Conveniently located near downtown amenities, shopping, and major routes. A strong turnkey addition to any portfolio or a great start for a new investor!

242 W Highland Avenue | MLS# 5163600

This multi-family property located at 242 W Highland Avenue, Ravenna, OH 44266 is currently listed for sale with an asking price of $240,000. W Highland Avenue is located within the Ravenna City school district. Search Ravenna real estate on 762hunterstrail.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Exterior Entry, Unfinished
Cooling: None
Days on Market: 116
Heating: Forced Air, Gas
Lot Size: 0.28 Acres
Roof Type: Asphalt
Stories: 2.0
Taxes: $1,652 / year
Year Built: 1890

Feature Descriptions

Exterior: Wood Siding
Parcel#: 31-360-03-00-092-000
Parking: Gravel, No Garage, Off Street, Parking Lot
Sewer: Public Sewer
Water: Public

Local Schools

School District: Ravenna City

Demographics

Portage County Demographic Information for 242 W Highland Avenue, Ravenna, OH 44266
Fips
Fips Code 39133
Population
2020 to 2023 Change up 0.5%
2010 Count 161,419
2020 Count 161,791
2023 Estimate (V2023) 162,665
2020 Estimate (V2023) 161,796
Age Distribution (Years Old)
0 to 4 4.5%
5 to 17 17.5%
18 to 64 59.5%
65 and Older 18.5%
Gender
Male 49.5%
Female 50.5%
Place of Birth
Foreign 3.1%
US 96.9%
Education
High School Graduate, Age 25+ 92.9%
Bachelor's Degree or Higher, Age 25+ 31.7%
Computer and Internet use
Households with a computer 93.7%
Households with a broadband Internet subscription 87.0%
Language
English is Second Language, Age 5+ 4.1%
English is First Language, Age 5+ 95.9%
Veterans
Veterans 8,208
Income
Per Capita Income $37,771
Median Household Income $69,796
People in Poverty 12.4%
Commute
Average Work Commute Time 26 minutes
Housing
Total Housing Units 71,416
Households 63,588
Average Household Size 2.42
Owner-Occupied 70.7%
Multi-Family 22.1%
Owner-Occupied Median Value $197,100
Median selected monthly owner costs -with a mortgage $1,494
Median selected monthly owner costs -without a mortgage $567
Median gross rent $990
Building Permits
New Private Housing Issued 2023 300
Years at Residence
1 Year or More 86.6%
Less Than 1 Year 13.4%
Business and Employment
Private non-farm Establishments 3,047
Private non-farm Employment 47,812
Private non-farm Employment Growth down 0.1%
Nonemployer Establishments 11,411
Number of Firms 12,070
Business Production
Value of Shipments $3,414,065,000
Wholesale Trade $2,552,575,000
Retail Trade $2,382,688,000
Retail Sales Per Capita $12,043
Accommodation and Food Services $268,582,000
Land
Land Area 487.38 sq. miles
Population Per Square Mile 332

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 1,378.63 per month $1,170.96 Principal & Interest $137.67 Property Tax $70.00 Homeowner's Insurance

Change Payment Information

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