Excellent investment opportunity adjacent to Youngstown State University! This 25-unit, 47-bed student housing portfolio consists of three buildings in a highly walkable location just steps from campus. Currently 96% occupied, the property generates approximately $29,000 in monthly rental income with a strong history of leasing performance. The portfolio offers a diverse unit mix and significant value-add potential through the implementation of a utility reimbursement program, with an estimated $62,000 in additional annual revenue. With strong in-place cash flow, consistent student housing demand, and a clear path to increased NOI, this is an attractive opportunity for investors looking to expand their multifamily portfolio.
Features
crop_free17424 sq. ft. lot size
cottageApartment
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