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$165,000
5 Beds
2 Baths2 full baths
1,785sqft
816 Michigan Ave, Youngstown, OH 44504
$165,000
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Duplex
Built in 1901
$-- HOA
0.14 acre lot
$92/sq.ft
Description
Welcome to 816 Michigan Avenue, a high-yield investment opportunity strategically positioned just steps from the Youngstown State University campus.? This turnkey duplex is currently operating at a 12.49% Cap Rate, offering immediate cash flow with an extraordinary "value-add" upside that could push returns to a 23.64% Pro-Forma Cap Rate.?
The property utilizes a highly profitable rent-by-the-room model, with 57% of the capacity already leased at $575+ per month.? This allows a savvy investor to step into a performing asset while simultaneously capturing the remaining 43% vacancy to nearly double the Net Operating Income.?
Designed for tenant retention and low-maintenan...
- Houzeo last checked: 8 Minutes ago
- Listing updated: April 28, 2026 at 1:38 pm
- Listing Provided by: Shawn Burton (330) 519-5342 DRE #2020006722 | Keller Williams Chervenic Realty (330) 967-4300
- Source: MLS Now-OH | MLS#: 5159890
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1901
HOA Fees
-
Finished Area
1,785 sqft
Lot Size
0.14 acre lot
Basement Area
- sqft
MLS Name
MLS Now
MLS Number
5159890
MLS Status
Active
Days on Market
262
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Houzeo Corp. holds real estate brokerage licenses in Alabama (License No. 000157023 - 0) and Texas (License No. 9013396)
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