427-445 Woodland Ave, Steubenville, OH 43952

Property Details for 427-445 Woodland Ave

Year built

1969

Lot size

2.89 lot acres

Property type

Apartment buildings

Description

This exceptional 11-unit apartment complex, known as the Woodland Apartments, presents a lucrative investment opportunity in Steubenville, OH. Situated on a substantial 2.89-acre lot encompassing three parcels, the property boasts 10,092 square feet of living space. Ten units feature two bedrooms, a living room, eat-in kitchen, and a full bath. Nine of these units include private garages in the basement, recently updated with new garage doors and in-unit laundry facilities. A single studio apartment is located in the basement, offering a living room, eat-in kitchen, one bedroom, and a bathroom. The property also includes an additional field across from the apartments, ideal for storage or potential future development, adding significant value. An asphalt driveway provides convenient off-street access to the garages. A vacant lot adjacent to the main building offers extra parking or further development potential. Current rental rates are available upon request, and are currently low due to ongoing renovations and vacancies created for showings. The extensive renovations undertaken by the seller significantly enhance the property's appeal and potential for immediate return on investment. This turnkey investment is perfect for adding to an existing portfolio or for a new investor looking for a strong, stable income stream. The property's size, location, and existing infrastructure make it an attractive proposition for both immediate income and future expansion. Don't miss this chance to acquire a well-maintained, high-potential multifamily property.

Location Insight

City

Steubenville

County

Jefferson

State

Ohio

Longitude

-80.6349

Latitude

40.3542