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2045 Glamorgan St
Alliance, OH 44601
Multifamily Property For Sale
·
14 Units
Executive Summary
Investor Alert! Value-add multifamily opportunity with immediate upside! This property features a strong unit mix of eight (8) 2-bedroom units and six (6) 1-bedroom units, currently operating at below-market rents. Current gross income is approximately $7,645/month, offering a clear path to increased cash flow. With modest rent adjustments to market rates, projected gross monthly income jumps to $11,550.00/month, creating a significant upside for investors seeking forced appreciation. Ideal for a hands-on or strategic investor looking to stabilize rents, increase NOI, and unlock long-term value. Solid fundamentals, desirable unit mix, and strong rental demand make this an excellent addition to any multifamily portfolio.
Property Facts
| Price Per Unit | $81,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.98 AC |
| No. Units | 14 | Building Size | 17,266 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1979 |
| Apartment Style | Low-Rise |
| Price Per Unit | $81,000 |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.98 AC |
| Building Size | 17,266 SF |
| No. Stories | 2 |
| Year Built | 1979 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Refrigerator
- Sprinkler System
- Range
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 14 | - | - |
Property Taxes
| Parcel Number | 07700458 | Improvements Assessment | $276,750 |
| Land Assessment | $52,920 | Total Assessment | $329,670 |
Property Taxes
Parcel Number
07700458
Land Assessment
$52,920
Improvements Assessment
$276,750
Total Assessment
$329,670
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