2006 Youngstown Road SE

About this home

Incredible mixed-use investment opportunity offering commercial space, two residential rental units, garage space, and off-street parking across four parcels! Perfect for investors, entrepreneurs, or anyone looking to operate a business while generating rental income! The main commercial building, formerly operated as a bar, offers endless possibilities for a restaurant, salon, barbershop, office, retail space, or other business venture! Features include a designated kitchen area, public restroom, ample storage, forced-air furnace, full basement, and a roof replaced in 2018. Outside, enjoy a fenced concrete patio with vinyl privacy fencing, 20x40 concrete pad, parking lot, and potential drive-through area! Upstairs, a spacious 2-bedroom apartment with private entrance currently generates $575/month! Features include a kitchen with wood cabinetry, laminate countertops, tile flooring, large living room, two carpeted bedrooms, and full bath with tub surround. An oversized storage room offers potential for a third bedroom or additional living space! Toward the rear of the property sits a separate 2-bedroom home currently generating $550/month! This home features vinyl siding, newer metal roof, front deck, attached 2-car garage, living room, dining area, two carpeted bedrooms, and full basement with forced-air furnace and 100-amp electrical panel. With $1,125 in combined monthly rental income ($13,500 annually), plus the opportunity to generate additional revenue from the commercial building, this property offers exceptional versatility and investment potential! Operate your own business, expand your rental portfolio, or bring your vision to life! Commercial uses, occupancy, and conversions subject to applicable zoning and approvals. Schedule your showing today!

Details

MLS #

5253709

Status

Active

Type

Mixed use

Year built

1914

Lot size

0.69 acres

County

Trumbull

Subdivision

Colonial Park

Annual taxes

$1,160

Days on market

1