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Successful 3 unit Airbnb opportunity 9248 Woodworth Rd 3 Unit Apartment Building $699,900 ($233,300/Unit) North Lima, OH 44452
Investment Highlights
- Very nicely updated and no updates needed
- Close to many amenities
- All 3 units successfully rented as AIRbnb rentals
Executive Summary
Incredibly updated, gorgeous 3 unit property is available for the next savvy investor, or for someone wanting a family compound. This is currently a very successful Airbnb/VRBO rental bringing in over a 9-10% cap rate at this list price! Every inch of this property has been raised to a standard that most people dream of for their own homes. The front property is the original home, and features 2 bedrooms upstairs, and 1.5 bathrooms. There is a gorgeous fireplaced living room and an equally dramatic kitchen and dining area. This home has the attached one car garage. On the other side of the garage is the second unit. Not to be outdone by the front house, this unit is dreamy to the max! Again, 2 bedrooms, a couple fireplaces, a deep garden tub with TV above the tub, and stunning bathroom and kitchen upgrades create the perfect spot for a new buyer to live in one space, and collect rent from the others if desired. The final living space is a single house that is separated from the other main building. This cozy retreat features one bedroom, vaulted ceilings, every amenity a tenant could want, and again, totally rehabbed with extreme care and beautiful design selections. All 3 are currently brought in over $75,000 last year. This year they have already brought in over $32,600, with 5 more months to go! Keep as a rental and assume the already existing reservations, or choose this for your own personal use and bring the extended family! Open for discussion on some of the personal contents. Appliances in all units will convey. Please keep in mind that showings need to be worked around current guest reservations. Situated in Boardman school district and close to many amenities.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$77,644
|
$24.42
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$77,644
|
$24.42
|
| Taxes |
$3,597
|
$1.13
|
| Operating Expenses |
$9,856
|
$3.10
|
| Total Expenses |
$13,453
|
$4.23
|
| Net Operating Income |
$64,191
|
$20.19
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $77,644 |
| Annual Per SF | $24.42 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $77,644 |
| Annual Per SF | $24.42 |
| Taxes | |
|---|---|
| Annual | $3,597 |
| Annual Per SF | $1.13 |
| Operating Expenses | |
|---|---|
| Annual | $9,856 |
| Annual Per SF | $3.10 |
| Total Expenses | |
|---|---|
| Annual | $13,453 |
| Annual Per SF | $4.23 |
| Net Operating Income | |
|---|---|
| Annual | $64,191 |
| Annual Per SF | $20.19 |
Property Facts
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Total Assessment | $134,870 | |
| Land Assessment | $14,000 | Annual Taxes | $3,597 ($1.13/SF) |
| Improvements Assessment | $120,870 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$14,000
Improvements Assessment
$120,870
Total Assessment
$134,870
Annual Taxes
$3,597 ($1.13/SF)
Tax Year
2025
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Successful 3 unit Airbnb opportunity | 9248 Woodworth Rd