This investment opportunity does not come along very often. This unique parcel has 4 separate addressed single family homes and are fully leased for instant cash flow. Gross annual rents $37,800. There is a private, shared driveway for all tenants, with ample parking in the back surrounded by a wood privacy fence and security light. Each home has 1 bedroom, 1 full bath, kitchen, living room and a full unfinished basement. Laundry hook-ups are in each unit. These homes have been very well maintained with upgrades completed. All homes have newer roofs, furnaces, hot water tanks, and appliances. (Fridge & Gas stove), which will convey. Three of the homes have all new front decks (144 SF), railings and stairs. The owner pays for lawn care, snow removal and the electricity for the security light in the back parking area. The tenants pay for all utilities (Electric/Gas/Water, which includes Trash). Looking to increase your investment portfolio for a quick cash producing property? This is the one for you! Rent rolls and leases available for all serious inquiries.
Southeast Warren, located between Downtown Warren and Howland Township, is a residential and commercial Warren neighborhood with tree-lined blocks and a retail corridor. The neighborhood’s energy concentrates around the Elm Road NE and Youngstown Road SE crossroads, where auto shops, diners, and small storefronts set a practical, on-the-go tone. Housing reads as mid-century ranches and tidy postwar capes, with pockets of newer infill near busier arterials. Packard Music Hall and the Robins Theatre add a polished cultural counterpoint a short drive west. Perkins Park frames the area with trails and open lawns, while the Eastwood Mall Complex anchors errands and casual meetups.
Provided by Walk Score and Local Logic
Market insights
1182 Youngstown Rd SE · $299,900
DAYS ON MARKET
2 days
The average home goes pending in 38 days.
SALE-TO-LIST
97.3%
Most homes are selling 3% below list price.
LIST PRICE
$299,900
Median sale price in this area is $194,612. (35% lower than this home)
PRICE DROP
0 price drops
25% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Unfinished basement
Bathrooms
Four full bathrooms
Kitchen
Range
Refrigerator
Heating & cooling
Forced air heating
Gas heating
Exterior features
Wood fencing
Home design
Single-story building
Parking
Lighted parking lot
Shared driveway
Construction
Vinyl siding
Wood siding
Asphalt and fiberglass roof
Utilities
Public water
Public sewer
Financial info
Owner pays grounds care and snow removal; tenant pays electricity, gas, water, trash collection
Gross income (multi-unit): $37,800
Electricity and solar
View estimated energy costs and solar savings for this home