This Multifamily Property is no longer advertised on LoopNet.com.

139 Madison Ave
Youngstown, OH 44504
Flats at Wick · Multifamily Property For Sale · 49 Units

Investment Highlights

  • Now 75.2% Leased with new mid-October Move-Ins
  • Three years of tax abatement remaining
  • 97% of units 2 bedrooms+
  • Irreplaceable location directly adjacent to Youngstown State University campus
  • Robust rental market at 93.2% occupancy
  • Significant upside in rents and occupancy

Property Facts

No. Units 49
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Mid-Rise
Building Class B
Lot Size 1.00 AC
Building Size 39,685 SF
Average Occupancy 96%
No. Stories 4
Year Built 2010
Parking Ratio 2.52/1,000 SF

Amenities

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Microwave
  • High Speed Internet Access
  • Refrigerator
  • Range
  • Wheelchair Accessible (Rooms)

Site Amenities

  • Business Center
  • Clubhouse
  • Fitness Center
  • Laundry Facilities
  • Tenant Controlled HVAC
  • Conference Rooms
  • Lounge

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 3 - 750
2+2 36 - 1,000
3+3 2 - 1,200
4+4 8 - 1,400

Property Taxes

Property Taxes

Parcel Number
53-006-0-119.00-0
Land Assessment
$111,110
Improvements Assessment
$1,432,390
Total Assessment
$1,543,500
  • Listing ID: 26834538

  • Date on Market: 10/12/2022

  • Last Updated:

  • Address: 139 Madison Ave, Youngstown, OH 44504

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