321 Slack St Steubenville, OH 43952
- Commercial real estate
- 17,424 SF
- 0.40 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 321 Slack St
- Year built
- 1920
- Lot size
- 0.40 lot acres
- Property size
- 17,424 SF
- Property type
- Commercial real estate
Description
This exceptional multifamily investment opportunity presents a 16-unit apartment building located at 321 Slack Street, Steubenville, Ohio, 43952. The property, built in 1920, encompasses 17,424 square feet on a 0.4-acre lot and is zoned for multi-family use. The building consists of three duplexes, one triplex, one quadplex, and three single-family homes. Currently boasting a 19.95% cap rate and a NOI of $109,531, this Class B property offers significant value-add potential. Recent improvements include new water heaters, furnaces, and roofing, along with six fully remodeled units. The asking price is $549,000, translating to $31.51 per square foot and $34,312.50 per unit. This property presents a strong cash flow with substantial upside potential for further improvements, making it an attractive investment opportunity in a location conveniently situated an hour from Pittsburgh, PA. The property's configuration includes a mix of unit sizes, providing flexibility for various tenant needs. The existing improvements lay a solid foundation for continued growth and enhanced profitability. This is a for-sale-by-owner opportunity.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Steubenville
- County
- Jefferson
- State
- Ohio
- Longitude
- -80.6168858
- Latitude
- 40.3551981
