2404 Sunset Blvd Steubenville, OH 43952-2492
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.