Lordstown 1031 Exchange Properties For Sale

1500-1525 Stewart Cir NW

Warren, OH 44485

1031 Exchange Property
Multifamily for Sale
$1,640,256 CAD
20,352 SF

Air Conditioning
Bicycle Storage
Kitchen
Smoke Detector

Warren Multifamily for Sale

Attention Investors! This Portfolio comprises three adjacent brick 6 unit buildings for a total of 18 units that sit in a private, quiet cul-de-sac street in the city of Warren, Ohio. Each building is 3 stories and has one 750 sf 1B unit and five 1100 sq 2B units with spacious porches/balconies and covered carport spaces and storage lockers for each unit. All units have central air all but one tenant pays their own water, gas & electric. The complex currently has an over 9% cap rate with current below market rent with 1 vacancy, 9.27% if full and a market proforma close to 11%. Each building has a common area with coin-op laundry. Many improvements including 3 new roofs on the main buildings and 1 carport roof replacement, new windows, furnaces, AC condensers, energy efficient lighting, cosmetic upgrades in common areas. Convenient to restaurants, shops, grocery stores, and local amenities. A great value-add opportunity in a supply-constrained rental market. Inspect after an accepted offer. BOM due to Buyer failed on financing. all info deemed to be accurate but not gauranteed, Buyer, Buyer agent is liable for all due diligence. Call, text or email Tina Li with questions. 440-490-6608, tinali@howardhanna.com

Contact:

Howard Hanna

Property Subtype:

Apartment

Date on Market:

2025-09-10

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1031 Exchange Property for Sale within 10 kilometers of Lordstown, OH, USA

Warren Multifamily for Sale

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1031 Exchange Properties For Sale

1031 Exchange Properties