122 Cherry Street, Newark, OH 43055

Property Description

Prime turnkey investment or owner-occupant house-hacking opportunity in Newark! This solid, low-maintenance brick-and-siding two-family property features two self-contained, 1008 sq ft flat each, units (122 Cherry St Apt A and Apt B) with secure access into the building, followed by private interior entries into each individual residence on a generous, fully fenced lot. Both flats offer identical, versatile footprints featuring two spacious bedrooms, a full bathroom, a large living room, an eat-in kitchen with appliances, and dedicated in-unit laundry hookups. Key mechanical improvements include a new metal roof, new hot water tanks in both units, and separate meters with all utilities billed directly to owner/tenants. Outside, the expansive privacy-fenced yard provides rare amenities, including a raised upper-level wood deck, a large ground-level concrete patio, a cozy brick-lined fire pit, an above-ground pool with custom steps, a massive gravel driveway with abundant off-street parking, and a large detached outbuilding divided into two private storage spaces (one per tenant). With projected rents of $1,050 to $1,200 per month per unit, this duplex delivers outstanding cash-flow potential in an accessible location near Cherry Valley Road, local highways, parks, shopping, and dining. Initial showings are limited to vacant Unit B on lockbox; tenant-occupied Unit A will be available for viewing and inspections once in contract to respect tenant privacy. Schedule your private showing today to explore the opportunities at 122 Cherry Street! Attention Agents: Property is currently owner occupid with no tenants. See ATA remarks and offer instructions doc attached.