5020 Forest Park Pl - Apartments FOR SALE


Boardman, OH 44512
$500,000 USD
330-506-5661
5020 Forest Park Pl, Boardman, OH for Sale
$500,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

5020 Forest Park Pl
Boardman, OH 44512


HIGHLIGHTS

  • Brick Exterior
  • Updates
  • Close to Bus Route

OVERVIEW

Investment Opportunity in Boardman – Solid Brick 6-Plex with Carports! This well-maintained multi-family property offers six, 2-bedroom/ 1 bathroom units, each equipped with a stove, refrigerator, and wall air conditioner. Every unit features its own furnace and hot water tank, allowing for independent utility management. Tenants will appreciate the convenience of in-unit laundry hookups and the 6-car carport, providing one covered parking space for each unit. 4 sets of washers and dryers will convey. One unit is currently vacant for easy showings and is estimated to rent for $850 per month. Each tenant pays their own gas and electric, while the owner covers water, sewer, trash, and common area electric. In the last 4 years, three new furnaces and one hot water tank have been replaced. Conveniently located near shopping, dining, and major roadways, this property offers strong rental potential. Not to mention, it is right along the WRTA bus route. Don’t miss this fantastic investment opportunity! (Interior photos were taken by owners prior to tenant moving in) Call today for more information or to schedule a showing.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$60 USD /SF

# OF UNITS

6

PRICE/UNIT

$83,333

CAP RATE

Request Cap Rate

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5020 Forest Park Place Youngstown, OH 44512

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

R2

APN/PARCEL ID

29-070-0-194.00-0

ASK ABOUT THIS PROPERTY

Valerie ParkCentury 21 Lakeside RealtyMore Info
330-506-5661

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Valerie ParkCentury 21 Lakeside RealtyMore Info
330-506-5661

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