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Sold for $39,900 on 07/18/23
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  • $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

    ?? 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!

    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
    Services availability