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Warren Potential cash cow 204 Porter St NE

5 Unit Apartment Building $50,000 ($10,000/Unit) Warren, OH 44483

Apartment Buildings Ohio Warren 204 Porter St NE, Warren, OH 44483

Investment Highlights

  • brick building good wood floors and brand new roof to reduce cap x budget . Can be cash cow when complete

Executive Summary

20 % prices drop! Amazing steal !!!! This is a 5 unit in great structural condition with good bones. Needs some work to turn it into a cash cow . New roof been added recently. With the right amount of love this building will pay you forever. Under 12k per door. Experienced investors can get tremendous value from a full rehab, or can buy and resell . Building sold as is. Cash offer!

Financial Summary (Actual - 2023)

Annual Annual Per SF
Taxes $1,300 $0.68
Operating Expenses - -
Total Expenses $1,300 $0.68

Financial Summary (Actual - 2023)

Taxes
Annual $1,300
Annual Per SF $0.68
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $1,300
Annual Per SF $0.68

Property Facts

Price $50,000 Lot Size 0.08 AC
Price Per Unit $10,000 Construction Status Under Renovation
Sale Type Investment Building Size 1,920 SF
Sale Conditions
Distress Sale
  • Deferred Maintenance
 Average Occupancy 0%
No. Units 5 No. Stories 2
Property Type Multifamily Year Built 1914
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
  • Multifamily Dormitory
 Parking Ratio 2.6/1,000 SF
Building Class C Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $50,000
Price Per Unit $10,000
Sale Type Investment
Sale Conditions
Distress Sale
  • Deferred Maintenance
No. Units 5
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
  • Multifamily Dormitory
Building Class C
Lot Size 0.08 AC
Construction Status Under Renovation
Building Size 1,920 SF
Average Occupancy 0%
No. Stories 2
Year Built 1914
Parking Ratio 2.6/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
9+5 5 - -
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  • Juwon Aragbaye
    Juwon Aragbaye
  • Cleveland Grand Initiatives LLC
(818) 414-1620

  • Listing ID: 30892250

  • Date on Market: 2/6/2024

  • Last Updated:

  • Address: 204 Porter St NE, Warren, OH 44483

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204 Porter St NE, Warren, OH for sale Building Photo- Image 1 of 12
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204 Porter St NE, Warren, OH for sale Building Photo- Image 4 of 12
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204 Porter St NE, Warren, OH for sale Building Photo- Image 5 of 12
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204 Porter St NE, Warren, OH for sale Building Photo- Image 6 of 12
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204 Porter St NE, Warren, OH for sale Building Photo- Image 7 of 12
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204 Porter St NE, Warren, OH for sale Building Photo- Image 8 of 12
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204 Porter St NE, Warren, OH for sale Building Photo- Image 9 of 12
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204 Porter St NE, Warren, OH for sale Building Photo- Image 10 of 12
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204 Porter St NE, Warren, OH for sale Building Photo- Image 11 of 12
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Warren Potential cash cow | 204 Porter St NE
(818) 414-1620 x

Warren Potential cash cow | 204 Porter St NE

Juwon Aragbaye

(818) 414-1620

(818) 414-1620

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