Listed by Keller Williams Elevate
$899,000
10 Unit Townhouse Style Apartments
Details
APN 67-09097, 67-09096
Property Type Multifamily
Sub Type Apartment Building
Square Footage 14,184
Units 10
Cap Rate 6.61%
NOI $59,390
Occupancy 90%
Price per SqFt $63
Class C
Buildings 2
Stories 2
Zoning Apartment
Parking Spaces 15 spaces
Parking Per SqFt 1.06
Multifamily | 10 Units | $89,900/unit
Marketing description
Unique opportunity to acquire 10 townhome style units in Northwest Akron, on the boarder of Fairlawn and Sand Run Park. Residents enjoy on-site parking, in-suite laundry, many interior updates and great access to W. Market St. The property has undergone significant renovations over the past several years. Property can cash flow day 1 and has potential upside through continued interior improvements, RUBS utility bill back program, and simply bringing current rents to market. 10 Unit breakdown: 7 - 3bd/1.5bth and 3 - 2bd/1bth (all townhome style units). This floor plan provides tenants ease of access and privacy not normally found through traditional apartments.
Listing Contacts
Listed by Keller Williams Elevate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$59,390.00
$4,949.17/mo
Valuation Metrics
0
DSCR
6.61%
Cap Rate
6.61%
ROI
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