137-Units ~ Medina, Ohio ~ 1 & 2 Bdrms
Apartments For Sale, OH 44256
- Price: $5,870,000
- Status: Active
- Agent: Sean Dreznin
- Email: sean@pappasrealtyco.com
- Phone: 330-762-0535 Ex# 16
Request more photos!
- Features
- Interior
- Exterior
- Community
Contact Sean Dreznin, Pat Powers, or Mike Pappas for more details or to discuss.
Fastest Growing County in Northeast Ohio with 27% projected increase. Medina has experienced a 35% population increase since 1999.
137 Apartment Units :
- 54 - 1 Bedroom Apts
- 83 - 2 Bedroom Apts
UTILITIES:
Tenant Pays -Electric (Separate Metered)
-Gas (Sub-Metered)
Owner Pays -Sewer & Water
-House Electric
-Gas (w/ reimbursement)
PROFORMA
Projected Gross Income.............$916,000
Vacancy @ 7%........................$64,000
Expenses @ 48%.....................$373,000
Projected NOI......................$479,000
Projected Return.....................8.2%
Average Rent Per Mo/Per Unit.....$552
*Detailed Pro Forma Upon Request
*Upside Potential, Great Rental History
COMMENTS:
-Confidential Listing - Do Not Disturb Tenants
-Built 1969-1972
APARTMENT FEATURES:
- Garden Apartments
- Galley Style Kitchens
- Dishwashers
- Convenient Breakfast Bars
- Dining Area
- Comfortable, Tasteful Living Areas
- Private Balconies
- Walk-In Closets
- Private Entrances
COMMUNITY FEATURES:
- Minutes from Medina Square & Prime
Commercial Development
- Large Courtyards
- Convenient to Expressways
- Wooded Views
- Exterior Storage Units
- Playground Area
- Picnic Area
- Laundry Facilities
- Residential Neighborhood
Can also be purchased with additional complexes offered in same portfolio. Contact Mike Pappas, Pat Powers or Sean Dreznin for more details.
Fastest Growing County in Northeast Ohio with 27% projected increase. Medina has experienced a 35% population increase since 1999.
137 Apartment Units :
- 54 - 1 Bedroom Apts
- 83 - 2 Bedroom Apts
UTILITIES:
Tenant Pays -Electric (Separate Metered)
-Gas (Sub-Metered)
Owner Pays -Sewer & Water
-House Electric
-Gas (w/ reimbursement)
PROFORMA
Projected Gross Income.............$916,000
Vacancy @ 7%........................$64,000
Expenses @ 48%.....................$373,000
Projected NOI......................$479,000
Projected Return.....................8.2%
Average Rent Per Mo/Per Unit.....$552
*Detailed Pro Forma Upon Request
*Upside Potential, Great Rental History
COMMENTS:
-Confidential Listing - Do Not Disturb Tenants
-Built 1969-1972
APARTMENT FEATURES:
- Garden Apartments
- Galley Style Kitchens
- Dishwashers
- Convenient Breakfast Bars
- Dining Area
- Comfortable, Tasteful Living Areas
- Private Balconies
- Walk-In Closets
- Private Entrances
COMMUNITY FEATURES:
- Minutes from Medina Square & Prime
Commercial Development
- Large Courtyards
- Convenient to Expressways
- Wooded Views
- Exterior Storage Units
- Playground Area
- Picnic Area
- Laundry Facilities
- Residential Neighborhood
Can also be purchased with additional complexes offered in same portfolio. Contact Mike Pappas, Pat Powers or Sean Dreznin for more details.
- Type: Multi-Unit Residential for Sale
- Floors: Two or More Stories
- Year Built: 1969-1972
- County: Medina
- City: Medina
- Utilities: Sub-metered Gas & Separate Electric
- Amenities: Dishwashers, Laundry
- Appliances
- Dining Room
- Walk-In Closet
- In the wall A/C Units
- Balcony
- Landscaping
- View
- Exterior Storage Units Available
- Additional Storage
- Guest Parking
- On-site Laundry
- Parking Lot
- Recreation Facilities
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