Listing Details
- $165,000.00
- MLS# 5159890
- Type Multi Unit - Multiple
- Status Active
Listed By
Agency Name: Keller Williams Chervenic Realty
Agency Contact: shawnburton@kw.com, 330-519-5342
Shown By
Agency Title: Vayner Realty
Agency Phone: (330)-654-4000
Home Value Estimate
Description
Welcome to 816 Michigan Avenue, a high-yield investment opportunity strategically positioned just steps from the Youngstown State University campus.? This turnkey duplex is currently operating at a 12.49% Cap Rate, offering immediate cash flow with an extraordinary value-add upside that could push returns to a 23.64% Pro-Forma Cap Rate.? The property utilizes a highly profitable rent-by-the-room model, with 57% of the capacity already leased at $575+ per month.? This allows a savvy investor to step into a performing asset while simultaneously capturing the remaining 43% vacancy to nearly double the Net Operating Income.? Designed for tenant...read more
Listed By
Agency Name: Keller Williams Chervenic Realty
Agency Contact: shawnburton@kw.com, 330-519-5342
Shown By
Agency Title: Vayner Realty
Agency Phone: (330)-654-4000
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