For Sale
$590,000

8156 Southern BlvdYoungstown, OH 44512

Six-unit apartment building, high rental income.

Overview

Added:
Feb 3
Days on market:
60
This exceptional six-unit apartment building presents a compelling investment opportunity in Youngstown, Ohio. Situated on a tranquil 0.32-acre wooded lot in Boardman, this property offers six spacious two-bedroom, one-bathroom units, each featuring generously sized 16' x 20' bedrooms. Currently generating a gross monthly rent exceeding $5,394, all units are occupied, providing immediate cash flow. Recent renovations have significantly enhanced the property's appeal and value. Units 1, 2, 4, and 6 have undergone extensive upgrades, including new carpeting, fresh paint, and updated kitchens. Unit 1 boasts brand new appliances, plumbing, and countertops. Units 3 and 5, occupied by long-term tenants, have also received recent improvements. Unit 6 features newly refurbished cabinets and updated plumbing. The building's infrastructure has been meticulously maintained, with recent upgrades including a new commercial hot water tank, a serviced boiler, updated windows, and a new roof installed in 2022. Further improvements include a new commercial coin-operated dryer, updated sump pumps, and an enhanced security system featuring a water alarm. Tenants enjoy convenient on-site amenities such as ample parking and a coin-operated washer/dryer. The central hallway and stairwell have also been recently refurbished. This well-maintained, income-producing property offers a rare opportunity for investors seeking strong returns in a desirable location. The 5,184 square foot building at 8156 Southern Boulevard is ready for immediate ownership.

Property Details for 8156 Southern Blvd

Property type
Apartment buildings
Square Feet
5,184 SF
Year Built
1971
Lot Size (sq. ft)
13,939 SF

Location Insight

City
Youngstown
County
Mahoning
State
Ohio
Latitude
41.0012
Longitude
-80.65371
8156 Southern Blvd, Youngstown, Ohio

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8156 Southern Blvd
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