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Listing Courtesy of: Michael L Stevens - Coldwell Banker Evenbay Real Estate, Llc

249 Folsom Street NW Warren, OH 44483

Apartment Residence
Beds
Baths
Sq. Ft.

Property Overview

Time on Site
days
Days on Market
Views
Saves
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 ca...pital 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. Continue reading
MLS#
4133113
Property Type
Apartment
Year Built
1981
Sewer
Public Sewer

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Example seller's savings based on a total commission of 3.99% vs. a traditional 6%. It is subject to change based on agreement between seller and agent. More
Listing Courtesy of: Michael L Stevens - Coldwell Banker Evenbay Real Estate, Llc
Andrea D. Conner, License BRKP.2017002935, Xome Inc., License REC.2015001703, AndreaD.Conner@xome.com, 844-400-XOME (9663), 11427 Read Hartman Hwy, Suite 236, Cincinnati, OH 45241