87-91 Coal Aly, Leetonia, OH 44431
6 Unit Apartment Building | $429,000 ($71,500/Unit) | Leetonia, OH 44431
Asking Price $429,000
- Property Type
-
Multifamily
- Square Feet
- 6,942 SF
Listing Contacts
- Property Info
Property Overview
Prime investment opportunity and ideal for remote ownership. This 6 unit (two side by side buildings with 3 units each) is turn key and needs no additional investment. Extremely well maintained! Ample parking for tenants and buildings have utility closets that house HVAC/hot water etc. which can be accessed by repair technicians without disrupting tenants.
Property also comes with an additional parcel that is large enough to build a third building of similar size if future development is desired. All units are 2bed/1bath and are just over 1,000+ sq. ft each. 100% occupied with rents that are below market. A great first real estate investment to manage or for anyone looking at ease of scale.
This property has a cap rate of 10.25 adjusting to market rents in the pro forma.
Property also comes with an additional parcel that is large enough to build a third building of similar size if future development is desired. All units are 2bed/1bath and are just over 1,000+ sq. ft each. 100% occupied with rents that are below market. A great first real estate investment to manage or for anyone looking at ease of scale.
This property has a cap rate of 10.25 adjusting to market rents in the pro forma.
Property Details
- Class
- C
- Year Built
- 2006
- Stories
- 2
- Lot Size (sq. ft)
- 20,038 SF
- Units
- 6
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