365 E Midlothian BLVD Active Save Request In-Person Tour Request Virtual Tour
Boardman,OH 44507
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 8,380 sqft
Price per Sqft $65
Subdivision Hariiet Smith
MLS Listing ID 5133689
Bedrooms 11
Full Baths 11
Year Built 1954
Annual Tax Amount $8,620
Tax Year 2024
Lot Size 8,102 Sqft
Property Sub-Type Quadruplex
Property Description
Welcome to 365 E Midlothian Blvd, Boardman Ohio. This property is a three-story apartment building featuring 11 units. Currently operating at 60% occupancy. There is plenty room for growth and INCOME! Property Highlights: Year Built: 1954 Stories: 3 Parking: 4 Car Carport plus additional parking "up to 8 more spaces" Boardman School District Located on a Bus route in walking distance of McDonald's, BP, and the neighboring Dollar Store. Total Units: 11 Each unit has the option for separate Electric and Gas. Each unit has its own Heating source. Unit Sizes: 1–3 Bedrooms Currently the property manager is renting the property by the bedroom. $600 per shared unit room and $750 per unit for 1 Bedroom apartments. All tenants have month to month leases. The property manager has created a rent/roll P&L document that can be emailed to all interested parties. Laundry room Secure Entry Currently the Property manager has included the cost of Electric and Gas into the tenants rent. With this expense and at 60% occupancy based on the per bedroom strategy used, the property still has a cap rate of 5% contingent on insurance and finance cost. Potential value adds for new owner: Occupancy, Coin Laundry, Transferring the cost of Gas and Electric to tenants, optional reserved parking spaces, optional upgrades of units for additional rental value. Contact me today for the Property Manager's Rent Roll/ Profit and Loss doc.
Location
State OH
County Mahoning
Interior
Heating Gas
Cooling Wall/Window Unit(s)
Exterior
Parking Features Concrete,Carport
Roof Type Slate
Building
Sewer Public Sewer
Water Public
Schools
School District Boardman Lsd - 5002
Others
Special Listing Condition Standard