For Sale
$289,000

1655 Ohio AveYoungstown, OH 44504

Five-unit apartment building, excellent location, strong cash flow.

Overview

Added:
Feb 3
Days on market:
60
This well-maintained five-unit apartment building presents a compelling investment opportunity in Youngstown, Ohio. Situated on a 0.19-acre lot at 1655 Ohio Avenue, the property enjoys convenient proximity to downtown Youngstown and Youngstown State University (YSU), offering easy access to major roadways including routes 711, 680, 193, and 7. The building boasts a total of 4234 square feet and features five individual units, each with its own private entrance. Each unit includes two bedrooms, one bathroom, a combined kitchen and dining area, and a living room. Stoves and refrigerators are provided in each unit. Significant updates have been implemented throughout the property, including new flooring, fresh paint, and renovated bathrooms in most units. Further improvements encompass two newer furnaces, updated hot water tanks, and a newer roof. The property benefits from a stable tenant base, including three Section 8 tenants, ensuring consistent rental income. Utilities are separately metered and paid by the tenants. On-site coin-operated laundry facilities and off-street parking add to the property's appeal. This turnkey investment is ready for a new owner to capitalize on its strong cash flow and prime location. Don't miss this chance to expand your real estate portfolio.

Property Details for 1655 Ohio Ave

Property type
Apartment buildings
Year Built
1922
Lot Size (sq. ft)
8,276 SF

Location Insight

City
Youngstown
County
Mahoning
State
Ohio
Latitude
41.12251
Longitude
-80.64629
1655 Ohio Ave, Youngstown, Ohio

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1655 Ohio Ave
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