Pair of Big Real Estate Deals Close in Boardman
BOARDMAN, Ohio – Two big property sales in Boardman closed on Monday, one commercial and one residential.
Four apartment buildings on Carter Circle were bought for a combined $1,062,500 by Valley Property Management Group LLC. Documents filed with the Ohio Secretary of State in February 2012 list Kevin Dill as the executor of the incorporation.
The parcels, at 27, 30, 31 and 34 Carter Circle, had been owned by E&S Properties Inc. since 2001. In 2017, the county auditor valued the buildings and property at $251,650. A listing on Apartments.com, updated two weeks ago, says each building has six units.
Also Monday, the Goodyear Auto Service store on U.S. Route 224 was purchased by DCR Boardman LLC for $780,000. The property, listed by Bill Kutlick of Platz Realty Group, includes a triple net lease.
According to the Mahoning County auditor, the buyer is based at a residential address in Manhasset, N.Y., and documents on file with the Ohio Secretary of State show the company was incorporated in early May.
The site, 418 Boardman-Canfield Road, was previously owned by Oak Bay Ohio LLC, which bought the property in 2013 for $535,000 from the estate of Dominic Bitonte. According to the county auditor, the garage was built in 1966 and remodeled in 1991. The auditor’s office values the site at $387,550.
The property was sold by Kacey Morell and Susan Morgione of Howard Hanna’s Poland office.
Pictured at top: One of the apartment buildings on Carter Circle, part of a $1,062,500 purchase by Valley Property Management Group.
Copyright 2021 The Business Journal, Youngstown, Ohio.