1225 North Rd | Niles, OH 44446
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1225 North Rd
Niles, OH 44446
Cedarwood Court Apartments · Multifamily Property For Sale · 301 Units
INVESTMENT HIGHLIGHTS
- 74.09% portfolio occupancy provides opportunity to lease the 78 vacant units and increase rents to market on all units for additional income.
- Located just south of the major retail corridor along Youngstown Warren Road, which includes Eastwood Mall (Target, Macy’s, Dillard’s, JCPenney).
- Located ±12.5 miles northwest of Youngstown State University.
- Rare opportunity to acquire 301 units in the Warren/Youngstown market. Only one 100+ unit community sold within a five-mile radius past 2 years.
- Conveniently situated ±4 miles southeast of Downtown Warren and ±14 miles northwest of Downtown Youngstown.
PROPERTY FACTS
| No. Units | 301 | Building Size | 253,000 SF |
| Property Type | Multifamily | Average Occupancy | 74% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1971 |
| Building Class | C | Parking Ratio | 2.55/1,000 SF |
| Lot Size | 10.66 AC |
| No. Units | 301 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 10.66 AC |
| Building Size | 253,000 SF |
| Average Occupancy | 74% |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 2.55/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Disposal
- Heating
- Security System
- Ceiling Fans
- Tile Floors
- Kitchen
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Window Coverings
SITE AMENITIES
- Controlled Access
- Clubhouse
- Fitness Center
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Video Patrol
- Laundry Service
- Package Service
- Maintenance on site
- Sundeck
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 117 | - | 410 |
| 1+1 | 117 | - | 588 |
| 2+1 | 17 | - | 800 |
| 2+2 | 30 | - | 800 |
| 3+1.5 | 20 | - | 950 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,150,400 | |
| Land Assessment | $211,400 | Total Assessment | $2,361,800 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$211,400
Improvements Assessment
$2,150,400
Total Assessment
$2,361,800
ZONING
| Zoning Code | RC (Residential Multi-Family) |
| RC (Residential Multi-Family) |
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