31 N Richview Avenue, Youngstown, OH 44509
- $149,000
- 6
- BD
- 3
- BA
- List Price
- $149,000
- Status
- ACTIVE UNDER CONTRACT
- Days on Market
- 40
- MLS#
- 5220796
- Subtype
- Residential Income
- Year Built
- 1924
- Bedrooms
- 6
- Bathrooms
- 3
- Full Baths
- 3
- Acres
- 0.18
- MLS Area Major
- Youngstown
Property Description
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.
Additional Information
- Taxes
- $791
- Heating
- Forced Air, Gas
- Air Conditioning
- None
- Levels
- Three Or More
- Roof
- Asphalt, Fiberglass
- Parking Features
- Concrete, Detached, Electricity, Garage
- Garage Spaces
- 2
- School District
- Youngstown CSD - 5014
Listing Courtesy of: Roger A Collins, BuyorSell@RogerRealtor.com With Zamarelli Realty, LLC
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