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249-271 Folsom St
Warren, OH 44483
Multifamily Property For Sale
·
16 Units
PROPERTY FACTS
| No. Units | 16 | Building Size | 13,904 SF |
| Property Type | Multifamily | Average Occupancy | 87% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1981 |
| Building Class | C | Parking Ratio | 1.15/1,000 SF |
| Lot Size | 0.60 AC | ||
| Zoning | Multi-Family | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 13,904 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built | 1981 |
| Parking Ratio | 1.15/1,000 SF |
| Zoning | Multi-Family |
ABOUT 249-271 FOLSOM ST , WARREN, OH 44483
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.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 16 | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $172,760 | |
| Land Assessment | $16,800 | Total Assessment | $189,560 |
PROPERTY TAXES
