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35 S Salem Warren Rd

North Jackson, OH 44451

$360,000

Apartments For Sale  •  18,980 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 18,980 Sq Ft
  • Lot Size 1.15 ac
  • Building Class C
  • Year Built 1940
  • Cap Rate 16.62 %
  • Zoning B-2
0 Transit Score
20 Walk Score

Description

Investors looking for a great income maker?  You found it!  One Building 35 S Salem-Warren Rd offers a 4-plex, and 51 S Salem -Warren Rd offers a 8 more.  Currently the 4 plex has 1 apartment that needs about a $1000.00 worth of repairs to get that other $500.00 Mo rent.  The 8 plex has two apartments that need the same for a combine total of another $1000.00 This would put you almost at a 15% CAP rate.  If interested parcel 50-026-0-035.01-0 can be purchased as well to own the whole corner of a major intersection in North Jackson.  Do Not MISS your opportunity to step in and start making money.  Available land in the back could possibly be used to build storage units for more added value.  Seller has been in hospital for 2-1/2 weeks and has listed together to sell quickly! 
 Call for a private showing today.

Highlights

Heavy Traffic
Great opportunity

Property Flyers

Financial Summary (Actual)

Net Operating Income: $59,824 (2018)
Cap Rate: 16.62 %
Total Expenses: $13,376

Public Transportation

AirportDriveWalkDistance
Youngstown-Warren Regional Airport 32 min - 22.4 mi

Parking Details

Parking Available: No
Reserved: No
Type: Covered
Included in Rent: Yes
Donald Newell 330-984-6558 Berkshire Hathaway HomeServices Northwood Realty
Donald Newell 330-984-6558 Berkshire Hathaway HomeServices Northwood Realty