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Income Producing Fully Rented 4 Plex 257 Washington St NW 4 Unit Apartment Building $165,000 ($41,250/Unit) Warren, OH 44483
INVESTMENT HIGHLIGHTS
- Wrap Around Driveway
- Covered Parking for 1 car each unit
- Each Unit has own Furnace and Hot Water Tank
EXECUTIVE SUMMARY
NEW PRICE! Income Producing, FULLY RENTED 4 Plex! This income producing property has 4 units, bringing in $2750/month. Each unit has 1 bedroom, 1 bathroom, a comfortable living room and a kitchen. 3 stoves and 3 refrigerators will stay with the property. Each unit has its own furnace and hot water tank allowing for independent utility management. One furnace was just replaced Nov 2025. Tenants pay their own gas and electric. Owner pays water/sewer, common area gas and electric, and trash. The driveway wraps around the building and there are 3 carports and a 2 car detached garage. Full basement. Seller is a licensed real estate agent.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$33,000
|
$10.68
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$33,000
|
$10.68
|
| Taxes |
$2,289
|
$0.74
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$2,289
|
$0.74
|
| Net Operating Income |
$30,711
|
$9.94
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $33,000 |
| Annual Per SF | $10.68 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $33,000 |
| Annual Per SF | $10.68 |
| Taxes | |
|---|---|
| Annual | $2,289 |
| Annual Per SF | $0.74 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $2,289 |
| Annual Per SF | $0.74 |
| Net Operating Income | |
|---|---|
| Annual | $30,711 |
| Annual Per SF | $9.94 |
PROPERTY FACTS Under Contract
| Price | $165,000 | Building Class | C |
| Price Per Unit | $41,250 | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 3,090 SF |
| Gross Rent Multiplier | 5 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1895 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price | $165,000 |
| Price Per Unit | $41,250 |
| Sale Type | Investment |
| Gross Rent Multiplier | 5 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 3,090 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1895 |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $625.00 | - |
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PROPERTY TAXES
| Parcel Number | 39-206052 | Total Assessment | $35,530 |
| Land Assessment | $5,500 | Annual Taxes | $2,289 ($0.74/SF) |
| Improvements Assessment | $30,030 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
39-206052
Land Assessment
$5,500
Improvements Assessment
$30,030
Total Assessment
$35,530
Annual Taxes
$2,289 ($0.74/SF)
Tax Year
2024
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Income Producing Fully Rented 4 Plex | 257 Washington St NW
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