249 Folsom Street NW

    Warren, OH 44483
    • $695,000
    • STATUS: Active
    • ON SITE: 202 days
    • MLS #: 4133113
    UPDATED: 52 min ago
    $695,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1981
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Evenbay Real Estate Llc.
    Listing information © 2017 NEOHREX MLS.

    Description

    Includes 2 separate 8 plex apartment buildings-249 Folsom and 271 Folsom. All apartments are 2 bedroom, 1 bath. Coin operated laundry. Many improvements and great rental history with this turn-key operation. Rent Rolls and financials available upon request. The sellers have made some very large capital improvements over the last few years. The last 12 to 18 months has consisted of a unit rehab phase on a total of 8 units effecting the expense and NOI accordingly. We currently have all but two units rented and finished unit rehab. At 100% occupancy the property could generate a gross income of $106k With running at two vacancies 88% occupancy would be around $93k Some Capital improvements have consisted of storm drain under parking lot, all new paved parking lot, plumbing, electrical and 8 rehabbed units.

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    Listing information © 2020 NEOHREX Multiple Listing Service. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of NEOHREX. Real estate listings held by brokerage firms other than Howard Hanna are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2020-04-01T16:08:19.893.
    www.clevelandhomefinder.com/homes/98866371

    249 Folsom Street NW Warren, OH 44483

    • Price: $695,000
    • Status: Active
    • Updated: 52 min ago
    • MLS #: 4133113
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1981
    Built
    Neighborhood:
    Champion
    County:
    Trumbull
    Area:
    Champion
    Property Description
    Includes 2 separate 8 plex apartment buildings-249 Folsom and 271 Folsom. All apartments are 2 bedroom, 1 bath. Coin operated laundry. Many improvements and great rental history with this turn-key operation. Rent Rolls and financials available upon request. The sellers have made some very large capital improvements over the last few years. The last 12 to 18 months has consisted of a unit rehab phase on a total of 8 units effecting the expense and NOI accordingly. We currently have all but two units rented and finished unit rehab. At 100% occupancy the property could generate a gross income of $106k With running at two vacancies 88% occupancy would be around $93k Some Capital improvements have consisted of storm drain under parking lot, all new paved parking lot, plumbing, electrical and 8 rehabbed units.
    Exterior Features

    Parking Total 30 Roof AsphaltFiberglassPitched

    Interior Features

    Basement None Basement YN No Building Area Total 0 Cooling Wall Unit(S) Cooling YN Yes Heating GasHot WaterSteam Heating YN Yes

    Property Features

    Association Fee2 2000 Insurance Expense 3667 Lease Considered YN No Net Operating Income 60724 Owner Pays HeatSewerTrash CollectionWater Property Sub Type Apartment Sewer Public Sewer Tax Annual Amount 11276 Tenant Pays Cable TvElectricity Trash Expense 1931 Water Sewer Expense 5789 Water Source Public Year Built Details Actual Ybt

    Listing information © 2020 NEOTHREX Multiple Listing Service.
    Listing provided courtesy of Evenbay Real Estate Llc.
    Listing information © 2020 NEOHREX Multiple Listing Service. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of NEOHREX. Real estate listings held by brokerage firms other than Howard Hanna are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2020-04-01T16:08:19.893.
     
    Howard Hanna
    8396 Mentor Ave.
    Mentor OH, 44060
    Listing courtesy of Evenbay Real Estate Llc.
    Listing information © 2017 NEOHREX MLS.