12
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$2,500,000
Est. payment /mo
0.44 Acres Lot
Active
1221-1223 2nd ST NW New Philadelphia, OH 44663
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Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5200090
HOA Y/N No
Year Built 1966
Annual Tax Amount $4,421
Tax Year 2025
Lot Size 0.441 Acres
Acres 0.441
Property Sub-Type Apartment
Property Description
The New Philadelphia Portfolio is a 38-unit residential investment package in New Philadelphia & Strasburg, Ohio, featuring a diversified mix of multifamily and single-family properties that together produce approximately 336,000 dollars in gross annual income and about 200,000 dollars in net operating income, reflecting an 8.0 percent going-in cap rate based on actual performance. This stabilized, income-producing portfolio is supported by real rent roll and trailing twelve-month financials, offering investors immediate cash flow with upside potential through lease-up of select units, rent normalization where current rents are below market, and continued operational efficiency improvements that are projected to increase NOI to roughly 213,000–217,000 dollars and support an estimated 8.5–8.7 percent stabilized cap rate.
Location
State OH
County Tuscarawas
Interior
Heating Forced Air, Gas
Fireplace No
Schools
School District New Philadelphia Csd - 7906
Others
Tax ID 4307814000
Listed by Michele D Lieser • McInturf Realty • 330-364-6648, jan@mcinturfrealty.net
Nearby Locations
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