?? Just minutes away from Youngstown State University (5-minute drive or a 15-minute bus ride)
?? potential student housing opportunity!
It’s a triplex convert so Its got separate entrances but an open floor plan. You can either rent as a big single family or continue to use it as a triplex to maximize rental income.
• Unit 1 – (Mid-level floor - 2 bed – 1 bath) currently rented at $500 (will be leaving July 14th so a good chance to go in, clean up and rent at market price along with the other two units since it doesn’t need any work)
• Unit 2 - (upstairs – 2 bed – 1 bath) was recently rented – needs a clean-up/minor cosmetics
• Unit 3 – (Basement – 1 bed – 1 bath) half way through renovations – needs around 4k-6k
• New roof about 6 years ago
• Recently New water Lines and gas line
• 2 separate meters (Basement with mid-unit and upstairs unit separate)
• Current cap rate is 7% with ONLY 1 unit rented at $500 (including 8% maintenance, 10 management, and 5% vacancy)
• The Pro forma cap rate is Crazy! It’s coming to 33.99% - 44% depending on whether you chose to rent two units only (one 2 bed/1 bath and 3 bed/2 bath) or the three units
200+ photos available!
Sold for $39,900 on 07/18/23
Street View
$39,900
145 S Lakeview Ave, Youngstown, OH 44509
4beds
1,788sqft
MultiFamily
Built in 1925
-- sqft lot
$99,200 Zestimate®
$22/sqft
$700 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard
Cooling
- None
Features
- Basement: Partially finished
- Has fireplace: Yes
Interior area
- Total interior livable area: 1,788 sqft
Property
Parking
- Parking features: Garage - Detached
Features
- Exterior features: Other
Lot
- Size: 6,011 sqft
Details
- Parcel number: 530680246000
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Conventional
Materials
- Frame
Condition
- Year built: 1925
Community & neighborhood
Location
- Region: Youngstown