FOR SALE $105,000

281-12-024 River Rd
Olmsted Falls, OH 44138

This property may be a good candidate for investment.

Investment Opportunities in Olmsted Falls, OH

Located in the charming Olmsted Falls, Ohio, this property on River Road offers immense potential for savvy real estate investors. Positioned within walking distance of parks and the historic downtown district, this wooded homesite presents an attractive opportunity for those seeking a high ROI in a desirable location.

Property Highlights

With the possibility of a walkout basement or secluded privacy, this property provides flexibility for various development options. Moreover, the availability of gas, electric, and public water/sewer at the street offers cost-saving advantages by eliminating the need for expensive onsite services, enhancing the property's appeal for investment purposes.

Furthermore, the potential eligibility for the Community Reinvestment Area Residential Tax Abatement Program, which could lead to a 10-year tax abatement post-construction, adds another layer of financial benefit for prospective investors. For those looking to expand their investment portfolio, the availability of the adjacent parcel for sale provides a rare opportunity to create a stunning one-acre wooded lot, further increasing the property's value potential.