137 Units~Medina, OH
Medina, OH 44256
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- Price: $5,870,000
- Status: Active
- Agent: David Thomas
- Email: Dave@pappasrealtyco.com
- Phone: 330-762-0535 ext 15
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Estimate Closing Costs
Estimate Closing Costs- Features
- Interior
- Exterior
- Community
Contact Dave Thomas or Mike Pappas for more details or to start a discussion. Medina is the
fastest growing county in Northeast Ohio with a 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 Dave Thomas or Mike Pappas for more details.
fastest growing county in Northeast Ohio with a 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 Dave Thomas or Mike Pappas 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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