$640,000
$695,000
7.9%For more information regarding the value of a property, please contact us for a free consultation.
249 Folsom ST NW Warren, OH 44483
Key Details
Sold Price $640,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 4133113
Sold Date 10/16/20
HOA Y/N No
Year Built 1981
Annual Tax Amount $11,276
Property Sub-Type Apartment
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.
Location
State OH
County Trumbull
Rooms
Basement None
Interior
Heating Gas, Hot Water, Steam
Cooling Wall Unit(s)
Fireplace No
Exterior
Parking Features Paved
Water Access Desc Public
Roof Type Asphalt,Fiberglass,Pitched
Total Parking Spaces 30
Building
Sewer Public Sewer
Water Public
Schools
School District Champion Lsd - 7804
Others
Tax ID 46-194464
Financing Other
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Raymond Griggy • EXP Realty, LLC.
Nearby Locations