Special offer

45-Units ** Cuyahoga Falls, OH ** Highly Desired Location

By
Commercial Real Estate Agent with NAI Tampa Bay

Cuyahoga Falls 45-Unit Apartment Building

  • Price: $2,170,000
  • Status: Active
  • Agent: Sean Dreznin
  • Email: sean@pappasrealtyco.com
  • Phone: 330-762-0535 Ex# 16
  • 45-units

     

    Contact Mike Pappas or Sean Dreznin for detailed data or to discuss.

    45 Apartment Units:
    - 15 - 1 Bedroom Apts
    - 30 - 2 Bedroom Apts

    Utilities
    Tenant Pays - Electric (Separate Metered)

    Owner Pays - Sewer & Water (Hot)
    - House Electric
    - Gas


    Pro Forma
    Projected Gross Income.......................$304,500
    Vacancy @ 7%..................................$21,000
    Expenses @ 50.6%.............................$143,000
    Projected NOI................................$140,500
    Projected Return...................6.5%
    Average Per Mo/Per Unit..................$558

    *Detailed Pro Forma Upon Request
    *Upside Potential, Great Rental History

    Wyoga Lake Apartments

    COMMENTS:
    -Confidential Offering - Do Not Disturb Tenants
    -Built 1966
    -Through the Wall A/C

    APARTMENT FEATURES
    - Large Balconies with Water View
    - Patios with Sliders
    - Dishwashers in Some Suites
    - Window Coverings
    - 14 Different Floor Plans
    - Large Closets
    - Foyers
    - Dining Areas

    COMMUNITY FEATURES
    - Great location near Cuyahoga Valley National
    Park, Blossom, Cuyahoga Falls, Akron,
    Hudson & Stow.
    - Minutes from Major Expressways
    - Exclusive Boating, Fishing & Beach
    - Gazebo
    - Extra Storage
    - Spectacular Sunset Views
    - Laundry Facilities
    - Large Courtyards & Bronze Sculpture
    - Garden Style Entrances

    Additional complexes in same portfolio can be purchased as well. Discuss with Mike Pappas or Sean Dreznin as to detailed information.

    • Type: Multi-Unit Residential for Sale
    • Floors: Two or More Stories
    • Year Built: 1966
    • County: Summit
    • City: Cuyahoga Falls
    • Utilities: Gas-Sub Metered & Electric - Separate
    • Location: Lake Access- View, Swim, Boat, Fish, Private Beach

    Comments (1)

    Anonymous
    erich

    adress, dom please

    Sep 20, 2009 08:17 AM
    #1