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106 N Park Ave
Warren, OH 44481
Asking Price
$475K
Asset Type
Apartment Building Mixed-use
Class
Class B
What's Special
Iconic Warren Building <p>Iconic building on SE Corner of Warren Courthouse Square.</p><p>5,500 SF of retail on first floor with large windows, offices on the second floor, and apartments on third floor.</p><p>This property has been home to Howard's Clothing for 50+ years - owner is retiring. The space is excellent retail, could be a great restaurant.</p><p>5,500SF dry basement, a newer boiler for building, and a 12 year old roof.</p><p>Second floor has 3 office spaces + 1 apartment with great views.</p><p>Third floor
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NOI
$80,000
Cap Rate
16.84%
DSCR
2.84
Strong
Cash-on-Cash
36.35%
Monthly Payment
$2,350.041
Annual Cash Flow
$51,799.51
