1500-1525 Stewart CIR NW, Warren, OH 44485
1500-1525 Stewart CIR NW, Warren, OH 44485
1500-1525 Stewart CIR NW, Warren, OH 44485
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$1,155,000
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3.71 Acres Lot
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1500-1525 Stewart CIR NW Warren, OH 44485

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Lindsey Rose

Lindsey Rose

+1(330) 591-0823

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Key Details

Property Type Commercial

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Parkwood

MLS Listing ID 5179703

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1964

Annual Tax Amount $10,081

Tax Year 2025

Lot Size 3.710 Acres

Acres 3.71

Property Sub-Type Apartment

Property Description

Attention Investors! 100% Occupied. Earning high CAP day one! 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 all but one tenant pay their own water, gas & electric. The complex currently has over 9% cap rate with current below market rent with 5% vacancy rate included, Market proforma is over 11% based on the highest collected rent in the building, potential increase in rents. 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, newer windows, furnaces, AC condensers, energy efficient lighting, cosmetic upgrades in common areas (new paint, new flooring). Convenient to restaurants, shops, grocery stores, and local amenities. A great value-add opportunity in a supply-constrained rental market. Inspection 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 Attached Carport, Additional Parking, Covered, Carport, Lighted, 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 Commercial,Multi-Family

Total Parking Spaces 18

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

VOW - Northern Ohio Regional MLS (YES-MLS) /MLS Now
Listed by Tina Li • Howard Hanna • tinali@howardhanna.com, 440-318-5844
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Lindsey Rose

Lindsey Rose

Realtor® | CEO | Team Lead | License ID: 2017001928

+1(330) 591-0823

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1500-1525 Stewart CIR NW