145 S Lakeview Ave

?? Just minutes away from Youngstown State University (5-minute drive or a 15-minute bus ride) ?? potential student housing opportunity! It’s a triplex convert so Its got separate entrances but an open floor plan. You can either rent as a big single family or continue to use it as a triplex to maximize rental income. • Unit 1 – (Mid-level floor - 2 bed – 1 bath) currently rented at $500 (will be leaving July 14th so a good chance to go in, clean up and rent at market price along with the other two units since it doesn’t need any work) • Unit 2 - (upstairs – 2 bed – 1 bath) was recently rented – needs a clean-up/minor cosmetics • Unit 3 – (Basement – 1 bed – 1 bath) half way through renovations – needs around 4k-6k • New roof about 6 years ago • Recently New water Lines and gas line • 2 separate meters (Basement with mid-unit and upstairs unit separate) • Current cap rate is 7% with ONLY 1 unit rented at $500 (including 8% maintenance, 10 management, and 5% vacancy) • The Pro forma cap rate is Crazy! It’s coming to 33.99% - 44% depending on whether you chose to rent two units only (one 2 bed/1 bath and 3 bed/2 bath) or the three units 200+ photos available!