Ohio Property: 917 E. Philadelphia Ave.,Youngstown, OH 44502

Immediate monthly cash flow from this tenant occupied rental home. Four bedroom brick cape cod. Rented for $500 monthly to a long-term tenant receiving housing assistance from the YWCA.

All utilities paid for by the tenant. Very low maintenance home that just passed the annual inspection.

Priced well below the ta assessment of over $50,000.

Listing Price: $29,500

Buyer’s Acquisition Service Fee: $2,000 to RWP Global Inc. 

Other Services (optional)

1) Ohio Company Set Up and Registration

2) Renovation Project Management

3) U.S. Bank Account Set Up

Property Summary

  • Bedrooms: 4
  • Bathrooms: 1
  • Square Feet: 2,100
  • Year Built: 1946
  • Lot Size: 0.189 Acres
  • Renovation Required: None

Description

Area: OK, Low Crime Rate

School District: OK

Property Size: Very Large (2,100 sq.ft), larger than most properties in the area.

Tenancy: Tenanted at moment

Current Rent: $500 a month (below market rent)

Market Rent: $650 a month

Condition: Updated and renovated in 2013

Insurance: Approx. $400 a Year

Tax: $1,100 a Year

*Tax is higher as the assessed value is at $50,000.

Likely Strategy: 

i) Keep the tenant for a long term – this is a long term stable Section 8 tenant

or

ii) Keep the tenant until lease expires later this year and re-let to other tenants at market rate.

Street View Link:

https://www.google.com/maps/@41.069321,-80.636481,3a,90y,177h,90t/data=!3m4!1e1!3m2!1s-ybzZCcRnRZMwPnF8fJHlg!2e0!6m1!1e1

Nearby Property Comparison:

712 E Philadelphia Ave, Youngstown OH 0.31 Single-Family Home $23,400 04/16/14 2 1 1,494
1335 Douglas Ave, Youngstown OH 0.31 Single-Family Home $32,300 05/28/14 3 1 1,332
857 Roxbury Ave, Youngstown OH 0.45 Single-Family Home $30,000 10/18/13 3 1 912
359 E Lucius Ave, Youngstown OH 0.62 Single-Family Home $30,000 11/26/13 3 1.5 1,680
173 Wychwood Ln, Youngstown OH 1.39 Single-Family Home $23,800 11/27/13 2 1 1,144
3104 Idlewood Ave, Youngstown OH 1.52 Single-Family Home $25,000 05/06/14 3 1.5 1,768

 

 

Bathroom1 Bedroom 2 Bedroom1 Kitchen Living Room 2 Living Room Side Front