$949,000

About this home

This 11-unit residential portfolio spanning across 9 properties offers a solid income opportunity in Steubenville, Ohio, a hardworking steel mill town with a loyal, long-term rental base. The properties are grouped together in downtown Steubenville and along the Virginia Avenue corridor, making them easy to manage and keep an eye on. The portfolio currently brings in about $80,760 a year in rent. One unit of the duplex is currently unfinished, giving the new owner a great opportunity to finish it out to their own standards and add even more value. The area has steady demand thanks to a few key reasons people need housing here: Franciscan University and The College of Saint Joseph the Worker bring in students and staff, a new regional STEM school is opening nearby, and Trinity Health System keeps healthcare workers coming into town. Add in ongoing downtown revitalization and a coming Opportunity Zone designation, and this corridor has real staying power. Two units are currently vacant, but are rent ready giving a buyer an easy way to boost income right away. Once those are rented, the portfolio could bring in $102,000 to $104,000 a year. This is a good fit for an investor who wants steady rent checks with some easy upside built in. Properties like this, with real numbers behind them and everything grouped close together, don't come up often at this price.

Property details

MLS #

5225456

Property type

Apartment

Subdivision

Ross Park Realty Co Plan

Status

Active

Days on market

30

On market date

N/A

Stories

N/A

Garage spaces

N/A

Lot size

0.54 acres

Nearby schools

Within 10 miles · public school directory data (NCES)