Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Basement YN

    NO

  • Cooling YN

    NO

  • Cooling

    N/A

  • Heating YN

    YES

  • Heating

    Forced Air

Exterior

  • Garage

    No

  • Parking

    Carport

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.186

  • Property Type

    Commercial Sale

  • Property Sub Type

    Apartment

Price

  • Sales Price

    $550,000

  • Tax Amount

    8700.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Boardman LSD - 5002

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

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Location

County

Mahoning

Elementary School

Boardman LSD - 5002

Middle School

High School

Listing Courtesy of Stacey M Grant , Keller Williams Chervenic Realty

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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.

365 E Midlothian Boulevard

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