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Property profile & analytics
OFF-MARKET
Apartment buildings

2404 Sunset Blvd Steubenville, OH 43952-2492

1,152 SF 0.07 ac lot Built 1951
Entity Owned 4-yr Hold Free & Clear
Property ID
US66-3213246
Property summary
AI-generated overview

This five-unit apartment complex located at 2404 Sunset Boulevard in Steubenville, Ohio, presents a lucrative investment opportunity. Each of the five units is a one-bedroom, one-bathroom apartment, currently 100% leased, generating a gross monthly rental income of $2,808. Additional income from coin-operated laundry facilities, pet fees, and common area maintenance fees brings the total monthly income closer to $3,000. Individual utility metering ensures efficient tenant cost allocation. Apartments 3 and 4 boast recently refinished hardwood floors, enhancing their appeal. The property features newer windows throughout, improving energy efficiency and curb appeal. Tenant convenience is maximized with a coin-operated washer and dryer in the basement. Safety is prioritized with a rear egress fire escape and fire extinguishers strategically placed in common areas, complying with all safety regulations. The 0.08-acre lot is ideally situated near a variety of amenities, including schools, the YMCA, Franciscan University, hospitals, shopping centers, grocery stores, and banking institutions, making it highly attractive to renters. Monthly rent per unit ranges from $550 to $600. This property offers a strong return on investment with its consistent rental income and desirable location.

Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1951
Total area 1,152 SF
Lot 0.07 ac (3,049 SF)
APN 07-07413-000
UPID US66-3213246
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Hcs Of Merchant Isle LLC · 4 yrs held
Hcs Of Merchant Isle LLC
since 2022
2 recorded transactions
2022
Price N/A
2019
$110,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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