41-Units ~ Separate Utilities ~ Townhouse Apts
Apartments For Sale, OH 44310
- Price: $2,240,000
- Status: Active
- Agent: Sean Dreznin
- Email: sean@pappasrealtyco.com
- Phone: 330-762-0535 Ex# 16
Request more photos!
- Features
- Interior
- Exterior
- Community
Contact Mike Pappas or Sean Dreznin to discuss detailed data or for additional information.
41 Apartment Units:
- 30 - 2 Bedroom Apts
- 11 - 3 Bedroom Apts
UTILITIES:
Tenant Pays - Electric (Separate Metered)
- Gas (Separate)
Owner Pays - Sewer & Water
PRO FORMA
Projected Gross Income..............$326,800
Vacancy @ 7%.........................$22,800
Expenses @ 40.6%....................$123,500
Projected NOI.......................$180,500
Projected Return........8.1%
Average Rent Per Mo/Per Unit........$659
*Detailed Pro Forma Upon Request
*Upside Potential, Great Rental History
COMMENTS:
-Confidential Offering - Do Not Disturb Tenants
-Built 1978
TOWNHOME FEATURES
-Garages
-Laundry Connections
-Dishwasher & Disposals
-Spiral Staircase
-Private Balcony
-Lots of Closet Space
COMMUNITY FEATURES
- Convenient Location Near Expressways
- Large Courtyards
- Barbeque Area with Grill
- Community Laundry Room
- Residential Setting
- Near Chapel Hill, Tallmadge, Cuyahoga
Falls, Downtown, and the University of
Akron
41 Apartment Units:
- 30 - 2 Bedroom Apts
- 11 - 3 Bedroom Apts
UTILITIES:
Tenant Pays - Electric (Separate Metered)
- Gas (Separate)
Owner Pays - Sewer & Water
PRO FORMA
Projected Gross Income..............$326,800
Vacancy @ 7%.........................$22,800
Expenses @ 40.6%....................$123,500
Projected NOI.......................$180,500
Projected Return........8.1%
Average Rent Per Mo/Per Unit........$659
*Detailed Pro Forma Upon Request
*Upside Potential, Great Rental History
COMMENTS:
-Confidential Offering - Do Not Disturb Tenants
-Built 1978
TOWNHOME FEATURES
-Garages
-Laundry Connections
-Dishwasher & Disposals
-Spiral Staircase
-Private Balcony
-Lots of Closet Space
COMMUNITY FEATURES
- Convenient Location Near Expressways
- Large Courtyards
- Barbeque Area with Grill
- Community Laundry Room
- Residential Setting
- Near Chapel Hill, Tallmadge, Cuyahoga
Falls, Downtown, and the University of
Akron
- Type: Multi-Unit Residential for Sale
- Floors: Two or More Stories
- Parking/Garage: 1
- Year Built: 1978
- County: Summit
- City: Akron
- Style: Townhouse
- Utilities: Separate
- Appliances
- Den/Office
- Dining Room
- Family Room
- Laundry Room
- Walk-In Closet
- In the wall A/C Units
- Balcony
- Deck/Patio
- Grill/Barbeque
- Landscaping
- View
- Guest Parking
- On-site Laundry
- Parking Lot
- Large Courtyards
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