241-243 Sexton St Struthers, OH 44471

Property Details for 241-243 Sexton St

Year built

1938

Property size

3,176 SF

Property type

Apartment buildings

Property subtype

Small apartment buildings

Description

This exceptional investment opportunity presents a two-unit apartment building located at 241-243 Sexton Street, Struthers, Ohio 44471. Built in 1938, this 3,176 square foot duplex sits on a 6,969.6 square foot lot and boasts a remarkable 15% capitalization rate. Currently 100% occupied, the property generates a substantial monthly rental income of $2,550. The unit at 241 Sexton Street is a six-bedroom unit renting for $1,700 per month, while the unit at 243 Sexton Street features a remodeled kitchen and rents for $850 per month. Tenants are responsible for all utilities. The property includes off-street parking and attractive wood floors. Recent renovations exceeding $40,000 have been completed since October. This property is offered for sale at $195,000, with a 10% discount available for buyers purchasing this property as part of a three-property package. The other two properties included in this package are located at 1414 Hollywood St NE, Warren, OH and 2011 Clark Ave, Wellsville, OH. All three properties are currently rented, and tenants express a desire to remain after the sale. This is a rare opportunity to acquire a high-performing, cash-flowing investment property in a desirable location. The price per square foot is $61.40.

Location Insight

City

Struthers

County

Mahoning

State

Ohio

Longitude

-80.6006

Latitude

41.054