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1790 Cromwell Dr
Akron, OH 44313
Multifamily Property For Sale
·
4 Units
PROPERTY FACTS
| No. Units | 4 | Lot Size | 0.26 AC |
| Property Type | Multifamily | Building Size | 7,500 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1972 |
| Building Class | C | Parking Ratio | 0.67/1,000 SF |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 7,500 SF |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 0.67/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Washer/Dryer Hookup
- Eat-in Kitchen
- Refrigerator
- Range
- Tub/Shower
- Walk-In Closets
- Basement
- Deck
ABOUT 1790 CROMWELL DR , AKRON, OH 44313
INCOME EXPENSE SUMMARY 1790 CROMWELL DR. AKRON OHIO 44313 A FOUR UNIT TOWNHOUSE STYLE APARTMENT BUILDING There are 4 two bedroom units, very spacious aprox. 1800 sq. ft. Each has one full and one half bath, separate basement with laundry hook ups and an attached garage. The utilities are metered separately , water meter is also metered separately. (however this owner includes water in the rent, a new owner could have tenants pay their own.). The current owner is retiring and has not put effort into renting the units. They are rent ready though… only one is currently rented at $650.00 through section 8. The property has been well maintained, roof was replaced approximately 3-4 years ago. Potential Income. $650.00 X 4 = $2,600 per month…. $31,200 Annual Gross Income $ 11,584 Expenses Expenses: $ 19,616 Potential Net Operating Income ( 13% cap rate) $2,600 water/sewer $ 984.00 Trash $4,460 Property Tax $3,500 Insurance Total: $11,584.00
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 4 | $650.00 | 1,800 |
PROPERTY TAXES
| Parcel Number | 68-14619 | Improvements Assessment | $34,759 |
| Land Assessment | $13,552 | Total Assessment | $48,311 |
PROPERTY TAXES
