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218 Twin Oaks Rd
Akron, OH 44313
Twin Oaks Crossing Apartments · Multifamily Property For Sale
·
78 Units
INVESTMENT HIGHLIGHTS
- Owned and self-managed by local company
- Rental upside through moderate unit upgrades (appliances, cabinets and countertops)
- Adjacent to Portage Country Club, one of Akron’s most long-standing and prestigious clubs
- Significant capital invested over the past 5 years including a new boiler, updated units, and exterior brick and roof work
- Located in Highland Square, Akron’s trendiest neighborhood home to numerous bars, restaurants, entertainment, and historic single family homes
- Minutes from three major hospitals; Summa, Cleveland Clinic, and Akron Children’s
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 2.17 AC |
| No. Units | 78 | Building Size | 121,868 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1929 |
| Building Class | C | Parking Ratio | 0.86/1,000 SF |
| Zoning | Residential | ||
| Sale Type | Investment |
| No. Units | 78 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 2.17 AC |
| Building Size | 121,868 SF |
| Average Occupancy | 92% |
| No. Stories | 4 |
| Year Built | 1929 |
| Parking Ratio | 0.86/1,000 SF |
| Zoning | Residential |
AMENITIES
UNIT AMENITIES
- Fireplace
- Heating
- Crown Molding
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Sunroom
- Walk-In Closets
- Carpet
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 12 | $799.00 | 625 |
| 1+1 | 36 | $888.00 | 781 |
| 2+1 | 26 | $1,127 | 1,042 |
| 3+1 | 3 | $1,150 | 1,400 |
| 4+1 | 1 | $1,750 | 1,600 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,269,364 | |
| Land Assessment | $78,139 | Total Assessment | $1,347,503 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$78,139
Improvements Assessment
$1,269,364
Total Assessment
$1,347,503
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