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Graystone Townhomes
3300 Grey Village Dr., Akron, OH 44319
$1,600,000
10
17,550 SF
$160,000
Multifamily
Garden/Low-Rise
Investment
2.5%
10%
100%
2
2004
4 / 1,000 SF
-
Find Out More...
Last Verified 10/29/2009
Listing ID 16215753
Description
Ten (10) fully leased 1,755 square foot townhomes for sale with NOI of $126,072. Luxurious townhomes with brick, stone, and shake siding exteriors. Beautiful up graded 3 bedroom, 2.5 bathrooms, two fireplaces, glamour master bath with Jacuzzi, custom kitchen, cathedral and 9 foot ceilings throughout, hardwood floors, finished lower level, larger concrete and stone patio, and 2 car garage. All units are in duplex buildings
The developer started the construction in 2004 and sold six of the units of the planed 24 units for $224,000 to $236,000. The developer preferred to retain the balance of 10 units for the rental income stream. Priorities lead to other projects and the last phase of 8 units was never completed. There are 8 fully improved pads and are included in the sales price. In addition, there is approximately $20,000 of matched brick included in the price.
In the City of Green on a wooded setting close to Portage Lakes, 1/2 mile to I-77
Actual
2008
$158,064
$31,992
$126,072
Map of 3300 Grey Village Dr., Akron, OH 44319 (Summit County)
Created 4/29/2009
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.