Address
249 Folsom Street NW Warren, OH
Price
$ 695,000
Property Attributes
  • MLS#4133113
  • TypeCommercial
  • CountyTRUMBULL
  • CityWarren
  • AreaChampion
  • Zip44483
  • StyleApartment
  • Year Built1981
  • Taxes11276
  • Price$ 695,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Michael L Stevens with Evenbay Real Estate LLC
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.

Price History
7/26/2020 Listed $695,000

General Features

Cooling Wall Unit(s)
HOA Fee 2 2000
Heating Gas, Hot Water, Steam
MLS Area Champion
Property SubType Apartment
Property Type Commercial Sale
Roof Asphalt, Fiberglass, Pitched
Sewer Public Sewer
Water Sewer Expense 5789

Interior Features

Air Conditioning Y/N Yes
Basement None
Heating Y/N Yes

Exterior Features

Lot Size Source Assessor
Lot Size Units Acres
Total Parking 30
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 44483

Price
AVG $290K
$700K
Taxes
AVG $2,977
$11,276
Visits
AVG 44
18
Year Built
AVG 1960
1981
Walkscore
AVG 39
32
Data Provided by Walkscore ® not using MLS data

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