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-maintenance ownership, each floor features its own fully equipped kitchen and full bathroom.? The building offers shared basement laundry, ample off-street parking, and abundant storage space across the basement, garage, and attic.? Investors will benefit from exceptionally lean financials.? The owner’s monthly expenses average just $583, covering all utilities, high-speed internet, and lawn care, while maintaining a built-in $150 monthly reserve for repairs.? Furthermore, major capital expenditures are already managed: the roof is less than five years old and the furnaces are under ten years old, ensuring minimal deferred maintenance for years to come.? Located in a high-demand rental pocket, 816 Michigan offers unparalleled accessibility.? With the YSU Penguin Shuttle stopping directly in front of the building and Wick Park just a short stroll away, this property is perfectly positioned to remain a cornerstone of a profitable portfolio.?

Listing courtesy of Shawn Burton of Keller Williams Chervenic Realty



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