Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

965 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

246 5th St NW 7 Unit Apartment Building $474,900 ($67,843/Unit) 11% Cap Rate Barberton, OH 44203

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Executive Summary

Updated 7-unit apartment building near Lake Anna in Barberton. The building consists of 7 (1) bedroom / (1) bathroom units with uncovered parking lot to the side of the building. All 7 units have been renovated. Each unit is separately metered for gas/electric. Tenants pay gas and electric. Beautifully decorated kitchens, bath fixtures, newer flooring, fresh paint and appliances throughout. All newer windows. Property is located at the corner of 5th Street and Lake Anna Court. which is walking distance to Lake Anna. Unit Rents: 1) $850, 2) $755, 3) $825 vacant, 4) $885, 5) $850 vacant, 6) $755, 7) $775. Monthly gross rent potential $5,695. Owner left the two units vacant

Property Facts

Price	$474,900	Apartment Style	Low-Rise
Price Per Unit	$67,843	Building Class	C
Sale Type	Investment	Lot Size	0.06 AC
Cap Rate	11%	Building Size	3,187 SF
No. Units	7	No. Stories	3
Property Type	Multifamily	Year Built	1900
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$474,900
Price Per Unit	$67,843
Sale Type	Investment
Cap Rate	11%
No. Units	7
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.06 AC
Building Size	3,187 SF
No. Stories	3
Year Built	1900
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.