241-243 Sexton StStruthers, OH 44471

For Sale
$195,000

High-yield duplex, 15% cap rate, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • $195,000 asking price for a 2-unit apartment building.
  • 15% cap rate with 100% occupancy.
  • 3,176 square feet on a 6,969.6 square foot lot.
  • Two units generating $2,550 in monthly rent.
  • Recently remodeled, with off-street parking and wood floors.

Property Details for 241-243 Sexton St

Property type
Multifamily properties, Apartment buildings
Square Feet
3,176 SF
Year Built
1938
Buildings
1
Stories
2
Units
2

Location Insight

City
Struthers
County
Mahoning
State
Ohio
Latitude
41.054022
Longitude
-80.600628
241-243 Sexton St, Struthers, Ohio

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241-243 Sexton St
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