Commercial Real Estate for Sale at 836 Michigan Avenue in Youngstown, OH for $700,000

836 Michigan Avenue | Youngstown

$700,000 | 0.0 Sq. Ft.

Welcome to 832 and 836 Michigan Ave, Youngstown OH. Excellent investment opportunity featuring two well-maintained 4-plex buildings, totaling 8 apartment units. Each unit offers 2 bedrooms, 1 bathroom, and approximately 900 square feet of living space, with construction dating back to 2006.The property includes 13 parking spaces conveniently located at the rear. Currently, 6 of the units are rented. One unit has been converted into a shared laundry facility for tenants but can easily be reverted back into an additional apartment to maximize rental income. This property is ideally situated within walking distance to Youngstown State University, and even boasts a view of the stadium from the front yard. Enjoy the added benefit of Wick Park just a short walk away. Each unit rents for approximately $1,150 per month. The owner currently pays all utilities. Additional features include a security system for added peace of mind and a storage shed reserved for owner use. Don\u2019t miss this opportunity to own a turnkey multi-family property. MLSNow 5198742

Directions to property: Mahoning Ave, Park ave, to Michigan Ave

MLS Listing ID: 
MLSNow 5198742
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$700,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Apartment
Primary Market Area: 
Youngstown
Address: 
836 Michigan Avenue, Youngstown, OH 44504
County: 
Mahoning
Latitude: 
41.1125190
Longitude: 
-80.6503260
Directions: 
Mahoning Ave, Park ave, to Michigan Ave
Public Remarks: 
Welcome to 832 and 836 Michigan Ave, Youngstown OH. Excellent investment opportunity featuring two well-maintained 4-plex buildings, totaling 8 apartment units. Each unit offers 2 bedrooms, 1 bathroom, and approximately 900 square feet of living space, with construction dating back to 2006.The property includes 13 parking spaces conveniently located at the rear. Currently, 6 of the units are rented. One unit has been converted into a shared laundry facility for tenants but can easily be reverted back into an additional apartment to maximize rental income. This property is ideally situated within walking distance to Youngstown State University, and even boasts a view of the stadium from the front yard. Enjoy the added benefit of Wick Park just a short walk away. Each unit rents for approximately $1,150 per month. The owner currently pays all utilities. Additional features include a security system for added peace of mind and a storage shed reserved for owner use. Don\u2019t miss this opportunity to own a turnkey multi-family property.
Community Information
School District: 
Youngstown CSD - 5014
Subdivision: 
City/Youngstown
Building Details
Details about the building on a property.
Stories: 
2
Year Built: 
2006
Living Area: 
0.0
Basement: 
None
Construction
Roof: 
Asphalt
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Baseboard,Electric
Cooling System: 
None
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.34
Lot Size (Area): 
0.34
Lot Features
Parking Type: 
Driveway,Parking Lot
Fence: 
None
Public Record
Parcel Number: 
53-005-0-283.00-0
Annual Tax: 
$8,558.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
More Options Realty, LLC

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