OH > Boardman > Hariiet Smith
Boardman, OH 44507,365 E Midlothian BLVD
Boardman, OH 44507,365 E Midlothian BLVD
Boardman, OH 44507,365 E Midlothian BLVD
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$550,000
Est. payment /mo
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11 Beds
11 Baths
8,380 SqFt
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365 E Midlothian BLVD Boardman, OH 44507

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Bob Jackson

Bob Jackson

+1(304) 280-1242

UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 8,380 sqft

Price per Sqft $65

Subdivision Hariiet Smith

MLS Listing ID 5133689

Bedrooms 11

Full Baths 11

Construction Status Updated/Remodeled

HOA Y/N No

Abv Grd Liv Area 8,380

Year Built 1954

Annual Tax Amount $8,620

Tax Year 2024

Lot Size 8,102 Sqft

Acres 0.186

Property Sub-Type Quadruplex

Property Description

Welcome to 365 E Midlothian Blvd, Boardman Ohio. This property is a three-story apartment building featuring 11 units. Currently operating at 60% occupancy. There is plenty room for growth and INCOME! Property Highlights: Year Built: 1954 Stories: 3 Parking: 4 Car Carport plus additional parking "up to 8 more spaces" Boardman School District Located on a Bus route in walking distance of McDonald's, BP, and the neighboring Dollar Store. Total Units: 11 Each unit has the option for separate Electric and Gas. Each unit has its own Heating source. Unit Sizes: 1–3 Bedrooms Currently the property manager is renting the property by the bedroom. $600 per shared unit room and $750 per unit for 1 Bedroom apartments. All tenants have month to month leases. The property manager has created a rent/roll P&L document that can be emailed to all interested parties. Laundry room Secure Entry Currently the Property manager has included the cost of Electric and Gas into the tenants rent. With this expense and at 60% occupancy based on the per bedroom strategy used, the property still has a cap rate of 5% contingent on insurance and finance cost. Potential value adds for new owner: Occupancy, Coin Laundry, Transferring the cost of Gas and Electric to tenants, optional reserved parking spaces, optional upgrades of units for additional rental value. Contact me today for the Property Manager's Rent Roll/ Profit and Loss doc.

Location

State OH

County Mahoning

Rooms

Basement None

Interior

Heating Gas

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Concrete, Carport

Carport Spaces 4

Water Access Desc Public

Roof Type Slate

Private Pool No

Building

Sewer Public Sewer

Water Public

Level or Stories Two

Construction Status Updated/Remodeled

Schools

School District Boardman Lsd - 5002

Others

Tax ID 29-011-0-024.00-0

Special Listing Condition Standard

Listed by Stacey M Grant • Keller Williams Chervenic Realty • staceygrant@kw.com, 330-646-8661

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agent

Bob Jackson

Agent | License ID: 2012001434,WV0028109

+1(304) 280-1242

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