Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1950
Sq.Footage
124,000
Very desirable scattered site portfolio consisting of 158 rental units under 41 roofs along with three vacant lots. Located throughout the greater Akron area and into Wadsworth, this impressive portfolio encompasses an array of styles, is attractive to many different renters and stays consistently occupied. Gross rents total $1,378,404. Annual expenses are approximately $635,596. Currently there are 4 vacancies. Housing includes: a private island peninsula, 42 unit building, 22-unit community, 16- unit building, 12-unit building, 9-unit community, 7-unit block, 7 single family homes, 1- quintuplex, 3 quadplexes and 13 duplexes/ twinplexes. These properties are located in pockets of highly sought- after neighborhoods with established high revenue and very low vacancy rates. There are many garage spaces (not used by the Tenants) and various coin- operated laundry machines as added ancillary income. This portfolio generates immediate cash flow and has a long term upside compelling private investors, corporate groups, commercial real estate holdings and individual investors into an impressive acquisition with a single transaction. 86 of the units are 2bd, 65 are 1bd, 6 are 3bd and one is a studio. Additional parcel numbers: 6703228, 6723671, 6733288, 6733289, 6742140, 6742141, 6726936, 6761197, 6762834, 6800459, 6828011, 6854980, 6824202, 6835384, 6809851, 6809854, 6839061, 6838852, 6842468, 6819826, 6801160, 1906872, 1904742, 2200101, 2200805, 1901895, 1901894, 1901898, 1906041, 5109925, 5400854, 5402242, 5400856, 5400546, 5401998. Financials available upon request with a signed NDA.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Basement YN
YES
-
Cooling YN
NO
-
Cooling
None
-
Heating YN
YES
-
Heating
Natural Gas, Electric, Forced Air, Radiant
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
Additional Parking, Asphalt, Common, Concrete, Covered, Direct Access, Detached, Garage, Gravel, On Site, Off Street, Outside, Shared Driveway, Unpaved
-
Patio and Porch Features
Patio
-
Pool
No
-
Waterfront YN
YES
Area & Lot
-
Lot Features
Waterfront
-
Lot Size(acres)
15.0
-
Property Type
Commercial Sale
-
Property Sub Type
Apartment
Price
-
Sales Price
$11,980,000
-
Tax Amount
$151,408
-
Zoning
Multi-Family
-
Sq. Footage
124,000
-
Price/SqFt
$96
HOA
-
Association
No
School District
-
Elementary School
Wadsworth CSD - 5207
-
Middle School
Wadsworth CSD - 5207
-
High School
Wadsworth CSD - 5207
Property Features
-
Sewer
Public Sewer, Septic Tank
-
Water Source
Well, Public
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Location
County
Medina
Elementary School
Wadsworth CSD - 5207
Middle School
Wadsworth CSD - 5207
High School
Wadsworth CSD - 5207
Listing Courtesy of Lisa M Schmitt, Berkshire Hathaway HomeServices Stouffer Realty
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