3001-3003 Green Acres Dr - Apartments FOR SALE


Youngstown, OH 44505- North Youngstown
$1,415,000 USD
3001-3003 Green Acres Dr, Youngstown, OH for Sale
$1,415,000 USD
Apartments - FOR SALE
1/100
null | 11.5% Cap Rate

3001-3003 Green Acres Dr
Youngstown, OH 44505
North Youngstown


HIGHLIGHTS

  • Renovated Units
  • Laundry Facilities, Coin-Operated

OVERVIEW

Excellent Investment Opportunity! Turnkey 24 Unit Apartment Complex. 23 two bedroom units and 1 single bedroom unit or managers office. 22 units have been renovated. 20 units have seller owned SS Refrigerators and Ranges. 8 units have granite counters in the kitchens. 10 units have replaced ac wall units. Units have been renovated within the last 2 years. At the list price, the per unit cost is only $58,985. This property is primed for strong returns with a proforma rental income of $17,425 per month Expenses average per month $2600.00. Giving this investment an 11.8% CAP rate! Do not miss out on this tremendous opportunity to expand your portfolio.

FOR SALE DETAILS

PRICE

$1,415,000 USD

PRICE/SF

$61 USD /SF

# OF UNITS

24

PRICE/UNIT

$58,958

CAP RATE

11.5%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

24 Unit Apartment Complex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1972

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

medium density

APN/PARCEL ID

12-598859

ASK ABOUT THIS PROPERTY

Chris RomanHoward Hanna Real Estate ServicesMore Info

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Chris RomanHoward Hanna Real Estate ServicesMore Info

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