Remarks

Discover this fantastic investment opportunity nestled in a tranquil wooded lot in Boardman. This property features 6 spacious 2-bedroom, 1-bathroom units, each boasting generous 16’ x 20’ bedrooms. Ideal for investors seeking rental growth, all units are currently occupied, generating a gross rent of $5,394+ per month.

Recent updates enhance the appeal of this property, with Units 1, 2, 4, and 6 receiving significant renovations including new carpets, paint, kitchen updates, and more. Unit 1 showcases new appliances, plumbing, and countertops, while Unit 3 and Unit 5 feature long-term tenants with recent upgrades. Unit 6 boasts refurbished cabinets and updated plumbing.

Maintenance has been meticulously managed with a new commercial hot water tank, serviced boiler, updated windows, and a new roof installed in 2022. Additional upgrades include a new commercial coin-operated dryer, sump pumps, and enhanced security with a water alarm system.

Convenient amenities include ample parking and a coin-operated washer/dryer on-site. The central hallway and stairwell have been recently refurbished, ensuring a welcoming atmosphere for tenants.

Don’t miss out on this opportunity to own a well-maintained income-generating property in Boardman. Call now to schedule your showing before it’s gone!

Details

MLS#: 5063877
Price: $590,000

Style: Apartment
Sq Ft: 0
Year Built: 1971

County: Mahoning
Subdivision: Southern Park Estates
Tax Fee: 7297

School District: Boardman LSD - 5002