795-796 5th St
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795-796 5th St
20 Unit Dormitory $850,000 ($42,500/Unit) Struthers, OH 44471
Investment Highlights
- Equipped with large kitchen/cafeteria space.
- Ideal for repurposing for numerous use types.
- Comfortable community rooms.
- 10% pro forma cap rate.
Executive Summary
Commercial property originally built for use as a convent with middle courtyard. Recently used as a full service rooming type building for students (frat house arrangement). Most recently used as a shelter for at risk mothers and others needing assistance. Approximately 20+ rooms with private or shared bathrooms. Many of the units have a Jack & Jill style bathroom set up. Also, has large kitchen/cafeteria area and comfortable community rooms. Multiple possibilities for repurposing or for multiple tenant uses. Pro forma cap rate of 10%.
Property Facts
| Price | $850,000 | Apartment Style | Low Rise |
| Price Per Unit | $42,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.40 AC |
| No. Units | 20 | Building Size | 8,904 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Dormitory | Year Built/Renovated | 1953/2013 |
| Price | $850,000 |
| Price Per Unit | $42,500 |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Dormitory |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 8,904 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1953/2013 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $98,750 | |
| Land Assessment | $7,230 | Total Assessment | $105,980 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$7,230
Improvements Assessment
$98,750
Total Assessment
$105,980
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795-796 5th St
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