29
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$500,000
Est. payment /mo
10,454 Sqft Lot
Active
3018, 3022, 3033 Northgate AVE Youngstown, OH 44505
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Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Colonial Heights
MLS Listing ID 5127182
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1957
Annual Tax Amount $3,181
Tax Year 2024
Lot Size 10,454 Sqft
Acres 0.24
Property Sub-Type Apartment
Property Description
This outstanding investment package includes 6 residential rental units contained in 3 duplexes on the same street in charming Liberty Township OH. Each building has two units consisting of one 2/1 and one 3/1 layouts with a CAP rate of 9.5%. All units have been well maintained by the current property management company - Without Worry Property Management which offers management services starting at just 5%. Most of the units have been lightly or fully remodeled over the past 3-5 years. These units are a cash flow machine. All have been Sec 8 approved to maximize potential tenants and rental rates with room for rental increases due to long term tenants. A full 2024 P&L and rent roll are available to view with a signed nondisclosure agreement. There is also a 4th property available on the next street over. It is a 1584 sq. ft. single family ranch with great rental history. Total package price for all 7 units is $650,000 with a cap rate of 9.0%
Location
State OH
County Trumbull
Interior
Heating Forced Air, Gas
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Driveway
Water Access Desc Public
Roof Type Asphalt
Building
Foundation Slab
Sewer Public Sewer
Water Public
Construction Status Updated/Remodeled
Schools
School District Liberty Lsd - 7813
Others
Tax ID 12-072825
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Listed by Alfred W Wevers • Berkshire Hathaway HomeServices Stouffer Realty • awevers@stoufferrealty.com 330-984-7239