816 Michigan Avenue, Youngstown, OH 44504

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.

SELLER FINANCING OPPORTUNITY: To assist with portfolio expansion, the owner is open to Land Contract offers. Terms include 10% down, 8% interest, and a 5-year balloon payment. Interested parties must submit a written Letter of Intent (LOI) outlining their proposed terms prior to a formal Purchase Agreement.

This property currently has an existing mortgage of $110,500. To help make this deal work for the right investor, the seller has the ability to pay the property balance down to $74,250. This is a great opportunity to step into a deal with lower debt right from the start.

The property utilizes a highly profitable rent-by-the-room model, with 57% of 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. Each floor features its own fully equipped kitchen and bathroom, shared laundry, off-street parking, and abundant storage.

Investors will benefit from exceptionally lean financials. Monthly expenses average just $583, covering all utilities, high-speed internet, and lawn care, while maintaining a built-in $150 monthly reserve. With a roof less than five years old and furnaces under ten, big-ticket maintenance is already managed. Perfectly positioned with the YSU Penguin Shuttle stopping directly in front, 816 Michigan is ready to be the cornerstone of a profitable portfolio.