0 2Nd StGirard, OH 44420

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Overview

Added:

Dec 11, 2024

Days on market:

115

This exceptional value-add multifamily investment opportunity comprises four single-family homes located in Girard and Youngstown, Ohio. The portfolio boasts a strong 15.27% current cap rate and a pro-forma cap rate of 15.67%, generating a current NOI of $54,368 and a pro-forma NOI of $55,800. The four properties, built between 1900 and 1964, have undergone recent renovations in 2023 and 2024. Each unit offers two parking spaces. The portfolio includes: 117.5 W 2nd St, Girard, OH 44420 ($950/month rent, $176 property taxes, lease ending 9/1/24)

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Highlights

• Triple-net lease: Tenant pays all utilities.
• Recently renovated (within the last two years).
• Low property taxes.
• High demand from Section 8 tenants.
• 100% occupancy.
• Rent payments current.

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Property Details for 0 2Nd St

Property type

Residential income homes

Class

C

Buildings

4

Stories

2

Units

4

Location Insight

City

Girard

County

Trumbull

State

Ohio

Latitude

41.151719274003

Longitude

-80.702657583196

2Nd St, Girard, Ohio

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