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Twin Oaks Crossing Apartments 218 Twin Oaks Rd 78 Unit Apartment Building For Sale Akron, OH 44313
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
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
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 |
1 1
Property Taxes
| Parcel Numbers | Total Assessment | $1,347,503 (2025) | |
| Land Assessment | $78,139 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,269,364 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Numbers
Land Assessment
$78,139 (2025)
Improvements Assessment
$1,269,364 (2025)
Total Assessment
$1,347,503 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
Contacts
-
Michael Barron -
Joshua Wintermute -
Charles Gagliano -
Institutional Property Advisors
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Twin Oaks Crossing Apartments | 218 Twin Oaks Rd
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