For Sale
$95,000

2011 Clark AveWellsville, OH 43968

Cash-flowing single-family home, 12.63% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
114
This 1,656 square foot, two-story single-family home located at 2011 Clark Ave, Wellsville, OH 43968, presents a compelling investment opportunity. Built in 1930, this property sits on a 0.09-acre lot and boasts a 100% occupancy rate, generating a net operating income (NOI) of $12,000 annually, resulting in a 12.63% capitalization rate. The asking price is $95,000, translating to $57.37 per square foot. Features include a first-floor laundry, two covered porches, a decorative fireplace, and off-street parking. Previously configured as a duplex, the property is currently used as a single-family residence. This property is available for individual purchase or as part of a three-property package, offering a 10% discount on the purchase price if all three properties are acquired. All tenants in this property and the other properties in the package wish to remain after the sale. The property is located in Columbiana County, Ohio.

Highlights

  • Significant discount available: 10% off the bundled purchase price of 1414 Hollywood St NE, Warren, OH; 2011 Lark Ave, Wellsville, OH; and 241-243 Sexton St, Struthers, OH.
  • All three properties are currently generating rental income with existing tenants interested in remaining.
  • Contact listing agent for complete details.

Property Details for 2011 Clark Ave

Property type
Residential income homes
Square Feet
1,656 SF
Year Built
1930
Buildings
1
Stories
2
Lot Size (sq. ft)
3,920 SF
Units
1

Location Insight

City
Wellsville
County
Columbiana
State
Ohio
Latitude
40.5946704
Longitude
-80.6656291
2011 Clark Ave, Wellsville, Ohio

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2011 Clark Ave
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