152-Units ** Akron, Ohio ** $35,330 P/Unit
Apartments For Sale, OH 44310
- Price: $5,370,000
- Status: Active
- Agent: David Thomas
- Email: Dave@pappasrealtyco.com
- Phone: 330-762-0535 ext 15
Request more photos!
- Features
- Exterior
- Community
Contact Mike Pappas or Sean Dreznin for detailed data or to discuss.
330.762.0535
152 Apartment Units:
* 59 - Studios
* 84 - 1 Bedroom Apts
* 9 - 2 Bedroom Apts
UTILTIES:
Tenant Pays...Electric (Separately Metered)
...................Gas (Sub-Metered)
Owner Pays....Sewer and Water (Inc. Hot H2O)
...................House Electric
...................Gas (w/ reimbursement)
PROFORMA:
Proj Gross Income.......$822,000
Vacancy (7%).........($ 57,000)
Expenses (44%)........($335,000)
Proj NOI...................$430,000
Proj Return..............8.0%
Avg Rent Per Mo/Per Unit......$445
*Detailed ProForma Upon Request
*Upside Potential, Great Rental History
CONFIDENTIAL LISTING - DO NOT DISTURB TENANTS
~ Built 1964-1971
~ Boiler Heat
~ Through the Wall A/C
~ 6 Buildings on 5 Lots
COMPLEX:
* Garden Style Apts
* Large Courtyards
* Laundry Rooms
* Patios & Balconies
* Walk-up Entrances
* Barbeque Area
COMMUNITY:
~ Off Brittain Road, North of Tallmadge Ave
~ Convenient Location
~ Directly on Bus Line
330.762.0535
152 Apartment Units:
* 59 - Studios
* 84 - 1 Bedroom Apts
* 9 - 2 Bedroom Apts
UTILTIES:
Tenant Pays...Electric (Separately Metered)
...................Gas (Sub-Metered)
Owner Pays....Sewer and Water (Inc. Hot H2O)
...................House Electric
...................Gas (w/ reimbursement)
PROFORMA:
Proj Gross Income.......$822,000
Vacancy (7%).........($ 57,000)
Expenses (44%)........($335,000)
Proj NOI...................$430,000
Proj Return..............8.0%
Avg Rent Per Mo/Per Unit......$445
*Detailed ProForma Upon Request
*Upside Potential, Great Rental History
CONFIDENTIAL LISTING - DO NOT DISTURB TENANTS
~ Built 1964-1971
~ Boiler Heat
~ Through the Wall A/C
~ 6 Buildings on 5 Lots
COMPLEX:
* Garden Style Apts
* Large Courtyards
* Laundry Rooms
* Patios & Balconies
* Walk-up Entrances
* Barbeque Area
COMMUNITY:
~ Off Brittain Road, North of Tallmadge Ave
~ Convenient Location
~ Directly on Bus Line
- Type: Multi-Unit Residential for Sale
- County: Summit
- City: Akron
- Utilities: Separate
- Roofs: Gabled/Pitched ~ Shingle
- Balcony
- Deck/Patio
- Grill/Barbeque
- Landscaping
- View
- Courtyards
- Guest Parking
- On-site Laundry
- Parking Lot
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