1500 Stewart CIR NW new Save Request In-Person Tour Request Virtual Tour
Warren,OH 44485
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Parkwood
MLS Listing ID 5154833
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1964
Annual Tax Amount $10,432
Tax Year 2024
Lot Size 1.500 Acres
Acres 1.5
Property Sub-Type Apartment
Property Description
Attention Investors! This Portfolio comprises three adjacent brick 6 unit buildings for a total of 18 units that sit in a private, quiet cul-de-sac street in the city of Warren, Ohio. Each building is 3 stories and has one 750 sf 1B unit and five 1100 sq 2B units with spacious porches/balconies and covered carport spaces and storage lockers for each unit. All units have central air and tenants pay their own water, gas & electric. The complex currently has an 8% cap rate with current below market rent with 3 vacancies, 9% if full and a market proforma over 10%. Each building has a common area with coin-op laundry. Many improvements including 3 new roofs on the main buildings and 1 carport roof replacement, new windows, furnaces, AC condensers, energy efficient lighting, cosmetic upgrades in common areas. Convenient to restaurants, shops, grocery stores, and local amenities. A great value-add opportunity in a supply-constrained rental market. Inspect after an accepted offer. Call with questions.
Location
State OH
County Trumbull
Community Park
Rooms
Basement Apartment
Interior
Heating Forced Air,Gas
Cooling Central Air
Fireplace No
Laundry Coin-operated
Exterior
Parking Features Additional Parking,Attached,Covered,Carport,Garage,On Site,Paved,Parking Lot,On Street
Fence Back Yard,Fenced,Full,Wood
Community Features Park
Amenities Available Bike Storage
Water Access Desc Public
Roof Type Asphalt,Fiberglass,Shingle,Tar/Gravel
Present Use Multi-Family
Total Parking Spaces 18
Garage true
Building
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Construction Status Updated/Remodeled
Schools
School District Warren Csd - 7820
Others
Tax ID 39-566590
Acceptable Financing Cash,Conventional,1031 Exchange
Green/Energy Cert Solar
Listing Terms Cash,Conventional,1031 Exchange