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11 Unit Apartment Complex With Value-Add Potential

31 Elm St Struthers, OH 44471
Price:
$285,000
Address:
31 Elm St
City:
Struthers
State:
OH
Zip:
44471
Bedrooms:
1
Bathrooms:
1

ANNUAL GROSS INCOME - $45,600 ANNUAL EXPENSES - $20,933 Net Operating Income: $24,677 ROI - 8.66% VALUE ADD PROJECTIONS ANNUAL GROSS INCOME - $59,400 ANNUAL EXPENSES - $22,033 NET OPERATING INCOME - $37,367 ROI - 13.11% PROPERTY INFORMATION Three building with 3 units buildings and one building with two units (all side by side units) All eleven units - 1 bedrooms - 1 bathrooms units. All tenants on month to month lease Long time owner, current rents are well below market average Rents projected at $425-$450 per door, which is still lower than the average market rents in surrounding areas. Roof replaced in last 12 mnths Parking lot repaved within last 12 mnths One vacant unit due to owner using as storage unit 1 dumpster on site (not green dumpster in picture) individual furnaces & window a-c units in each unit

Extra Information for 31 Elm St Struthers, OH 44471
  • Seller Type: By Owner
  • Category: Condos, Townhouses & Apts for Sale
  • Conditions: Resale
  • Amenities: AC,Storage
  • Listed Date: Sep 26, 2020

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