300 Scott St NE

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300 Scott St NE

Warren, OH 44483
Asking Price
$199K
Asset Type
Multifamily
Class
Class B

What's Special

300 Scott St NE is situated in the central district of Warren, Ohio, within Trumbull County. The property is positioned in a predominantly residential neighborhood characterized by established single-family homes and small apartment complexes. It offers proximity to the downtown business corridor, providing tenants with access to local government offices, retail shops, and dining options. The location is approximately one mile from the Trumbull Regional Medical Center and Packard Park. Transportation is supported by local bus routes and nearby access to State Route 422 and State Route 82, facilitating commutes to Youngstown and the greater Mahoning Valley region. This multifamily asset is suitable for investors seeking a stabilized rental property or a value-add opportunity in a secondary market. The location serves a tenant profile consisting of local workforce members, healthcare professionals employed at nearby medical facilities, and individuals requiring walkable access to downtown services. Given the proximity to regional employment hubs and educational institutions, the property is positioned to meet the consistent demand for workforce housing. The layout and location support long-term residential use within a submarket defined by steady occupancy rates and a mix of long-term local residents.

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NOI
$80,000
Cap Rate
40.20%
DSCR
6.77
Strong
Cash-on-Cash
114.21%
Monthly Payment
$984.543
Annual Cash Flow
$68,185.479

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