Listed By
Agency Name: McInturf Realty
Agency Contact: 330-364-6648, jan@mcinturfrealty.net
Shown By
Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575
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Property Description
The New Philadelphia Portfolio is a 38-unit residential investment package in New Philadelphia & Strasburg, Ohio, featuring a diversified mix of multifamily and single-family properties that together produce approximately 336,000 dollars in gross annual income and about 200,000 dollars in net operating income, reflecting an 8.0 percent going-in cap rate based on actual performance. This stabilized, income-producing portfolio is supported by real rent roll and trailing twelve-month financials, offering investors immediate cash flow with upside potential through lease-up of select units, rent normalization where current rents are below market, and continued operational efficiency improvements that are projected to increase NOI to roughly 213,000217,000 dollars and support an estimated 8.58.7 percent stabilized cap rate.
Property Features
Property Type: Commercial - Business
Days on Market: 14
Heating: Forced Air, Gas
Lot Size: 0.44 Acres
Taxes: $4,421 / year
Year Built: 1966
Feature Descriptions
Parcel#: 4307814000
Local Schools
School District: New Philadelphia City
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1221-1223 2nd Street NW | MLS# 5200090
This commercial property located at 1221-1223 2nd Street NW, New Philadelphia, OH 44663 is currently listed for sale with an asking price of $2,500,000. 1221-1223 2nd Street NW is located within the New Philadelphia City school district. Search New Philadelphia real estate on www.hawksnestcrossing.com today.