35 S Salem Warren Rd - Apartments FOR SALE


North Jackson, OH 44451
$799,000 USD
978-843-5334
35 S Salem Warren Rd, North Jackson, OH for Sale
$799,000 USD
Apartments - FOR SALE
1/44
null | 10.62% Cap Rate

35 S Salem Warren Rd
North Jackson, OH 44451


HIGHLIGHTS

  • Heavy daytime foot traffic
  • Business Hub for Cleveland, Pittsburg, Columbus

OVERVIEW

Seller Financing available via up to 10% seller carryback! Discover an excellent investment opportunity with this well-maintained 13-unit apartment complex in North Jackson, Ohio. Strategically located, this property offers strong cash flow with a Net Operating Income (NOI) of $84,840 ( actual numbers not proforma) and an impressive 10.46% capitalization rate at the asking price of $811,000. The complex features a diverse unit mix including 1,2 & 3 bdrm , providing stable rental income. Additionally, the property offers significant value-add potential with space to construct two additional 2-bedroom units, ideal for increasing revenue. A spacious 25’ x 70’ storage room further enhances the property’s versatility, perfect for tenant use or additional income streams. Situated in a growing area with convenient access to route 76, this property is poised for long-term appreciation and consistent returns. Don’t miss this chance to acquire a performing asset with room to grow! For more details or to schedule a viewing, contact Jedi 978-843-5334

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$42 USD /SF

# OF UNITS

13

PRICE/UNIT

$61,462

CAP RATE

10.62%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

B-2

APN/PARCEL ID

50-026-0-038.00-0

ASK ABOUT THIS PROPERTY

Jedi HillNew Atlantis DevelopmentsMore Info
978-843-5334

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Jedi HillNew Atlantis DevelopmentsMore Info
978-843-5334

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.