Discover this fantastic investment opportunity nestled in a tranquil wooded lot in Boardman. This property features 6 spacious 2-bedroom, 1-bathroom units, each boasting generous 16’ x 20’ bedrooms. Ideal for investors seeking rental growth, all units are currently occupied, generating a gross rent of $5,394+ per month. Recent updates enhance the appeal of this property, with Units 1, 2, 4, and 6 receiving significant renovations including new carpets, paint, kitchen updates, and more. Unit 1 showcases new appliances, plumbing, and countertops, while Unit 3 and Unit 5 feature long-term tenants with recent upgrades. Unit 6 boasts refurbished cabinets and updated plumbing. Maintenance has been meticulously managed with a new commercial hot water tank, serviced boiler, updated windows, and a new roof installed in 2022. Additional upgrades include a new commercial coin-operated dryer, sump pumps, and enhanced security with a water alarm system. Convenient amenities include ample parking and a coin-operated washer/dryer on-site. The central hallway and stairwell have been recently refurbished, ensuring a welcoming atmosphere for tenants. Don’t miss out on this opportunity to own a well-maintained income-generating property in Boardman. Call now to schedule your showing before it’s gone!
MLS# | 5063877 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active |
Year | 1971 |
Days On Site | 74 |
Listing Provided By | RE/MAX Edge Realty | Kenny G Mayle |
SQ Feet | 5,184 |
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Units | 6 |
Building(s) | 1 |
Acreage | 0.32 |
State | OH |
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County | Mahoning |
City | Youngstown |
Zip Code | 44512 |
Community Name | Southern Park Estates |
Listing VS Median (in Southern Park Estates) | |
Price: $590,000 low | high Med: $590,000 SqFt: 5,184 low | high Med: 5,184 $ / SqFt: $114 low | high Med: $114 On Site: 74 low | high Med: 74.000000 |