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2550 Second St
Cuyahoga Falls, OH 44221
The Apartments on Second Street · Multifamily Property For Sale
·
73 Units
Investment Highlights
- Being offered for sale for the first time
- Located in Cuyahoga Falls, the 2nd largest city in Summit County (50,000+ residents)
- 12 Minutes to Downtown Akron as well as Summa Hospital, Cleveland Clinic and Children’s Hospital
- Owned and self-managed by the original, local developer
- Situated directly off State Route 8 (92,000 VPD)
Property Facts
| No. Units | 73 | Building Size | 118,998 SF |
| Property Type | Multifamily | Average Occupancy | 99% |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid-Rise | Year Built | 1955 |
| Building Class | C | Parking Ratio | 1.26/1,000 SF |
| Lot Size | 1.52 AC | ||
| Zoning | Commercial | ||
| No. Units | 73 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 1.52 AC |
| Building Size | 118,998 SF |
| Average Occupancy | 99% |
| No. Stories | 6 |
| Year Built | 1955 |
| Parking Ratio | 1.26/1,000 SF |
| Zoning | Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- High Speed Internet Access
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Vinyl Flooring
- Window Coverings
Site Amenities
- Controlled Access
- Property Manager on Site
- Package Service
- Storage Space
- Elevator
- Lounge
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | $750.00 | 325 - 535 |
| 1+1 | 58 | $975.00 | 750 |
| 2+1 | 6 | $1,175 | 975 |
| 3+1 | 1 | $1,350 | 1,698 |
Property Taxes
| Parcel Number | 02-12239 | Improvements Assessment | $832,283 |
| Land Assessment | $54,250 | Total Assessment | $886,533 |
Property Taxes
Parcel Number
02-12239
Land Assessment
$54,250
Improvements Assessment
$832,283
Total Assessment
$886,533
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