Cash-flow opportunity with strong upside! This brick four-unit property consists of three 2-bedroom apartments in the main building plus a separate 2-bedroom apartment above the detached garage. At projected market rents of approximately $800 per month per unit, the property has the potential to generate $3,200 per month in gross rental income ($38,400 annually).
All utilities are separately metered and paid by tenants, minimizing owner expenses and maximizing income potential. The main building requires only minor drywall repairs and cosmetic updates in most areas. The detached garage apartment needs a new roof and additional improvements, creating an opportunity for investors to add value and increase returns.
With a projected GRM under 4 at the current asking price, this property offers an attractive combination of current value, future cash flow, and appreciation potential. The solid brick construction, four 2-bedroom units, and separate utilities make this an excellent addition to an investment portfolio. Property is being sold as-is.
39 days
|
285
|
21
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Zillow last checked:
Listing updated:
Listed by:
Roger A Collins330-219-6476BuyorSell@RogerRealtor.com,
Zamarelli Realty, LLC,
Peter S Sfikas330-883-7727,
Zamarelli Realty, LLC
Source: MLS Now,MLS#: 5220796Originating MLS: Youngstown Columbiana Association of REALTORS
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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