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$ 1,860,000
Est. payment | /mo
0.4 Acres Lot
$ 1,860,000
Est. payment | /mo
0.4 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226039100
Year Built 1936
Annual Tax Amount $2,961
Lot Size 0.400 Acres
Lot Dimensions 0.4
Property Sub-Type Apartment
Source Columbus and Central Ohio Regional MLS
Property Description
Excellent investment opportunity adjacent to Youngstown State University! This 25-unit, 47-bed student housing portfolio consists of three buildings in a highly walkable location just steps from campus. Currently 96% occupied, the property generates approximately $29,000 in monthly rental income with a strong history of leasing performance. The portfolio offers a diverse unit mix and significant value-add potential through the implementation of a utility reimbursement program, with an estimated $62,000 in additional annual revenue. With strong in-place cash flow, consistent student housing demand, and a clear path to increased NOI, this is an attractive opportunity for investors looking to expand their multifamily portfolio.
Location
State OH
County Mahoning
Area 0.4
Rooms
Other Rooms None
Dining Room No
Interior
Heating Hot Water
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Youngstown Csd 5014 Mah Co.
School District Youngstown Csd 5014 Mah Co.
Others
Tax ID 53-004-0-028.00-0
Listed by William Joseph Parizek Lim Realty Group
NEARBY SCHOOLS & PROPERTIES
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