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1221-1223 2nd Street Nw, New Philadelphia, OH 44663 | MLS ID 5200090 - Hackenberg Realty Group
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1221-1223 2nd Street Nw, New Philadelphia, OH 44663 Photo
1221-1223 2nd Street Nw, New Philadelphia, OH 44663 Photo
1221-1223 2nd Street Nw, New Philadelphia, OH 44663 Photo
1221-1223 2nd Street Nw, New Philadelphia, OH 44663 Photo
1221-1223 2nd Street Nw, New Philadelphia, OH 44663 Photo
1221-1223 2nd Street Nw, New Philadelphia, OH 44663 Photo
1221-1223 2nd Street Nw, New Philadelphia, OH 44663 Photo
1221-1223 2nd Street Nw, New Philadelphia, OH 44663 Photo
1221-1223 2nd Street Nw, New Philadelphia, OH 44663 Photo
1221-1223 2nd Street Nw, New Philadelphia, OH 44663 Photo
1221-1223 2nd Street Nw, New Philadelphia, OH 44663 Photo
1221-1223 2nd Street Nw, New Philadelphia, OH 44663 Photo

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1221-1223 2nd Street Nw New Philadelphia, OH 44663
$2,500,000
Active / MLS# 5200090 / Commercial - Business / New Philadelphia
0 Beds

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.

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Property Details

Property Type: Commercial - Business
Heating: Forced Air, Gas
Lot Size: 0.44 Acres
Taxes: $4,421 / year
Year Built: 1966

Feature Descriptions

Days on Site: 30
Parcel#: 4307814000

Schools

School District: New Philadelphia City

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Listed By / Shown By

Listed By

Agency Name: McInturf Realty
Agency Contact: 330-364-6648, jan@mcinturfrealty.net

Shown By

Agency Title: Hackenberg Realty Group
Agency Phone: 330-754-1478

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