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470-480 Zahn Dr
Akron, OH 44313
Multifamily Property For Sale
·
14 Units
PROPERTY FACTS
| No. Units | 14 | Building Size | 17,600 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1965 |
| Building Class | C | Parking Ratio | 1.13/1,000 SF |
| Lot Size | 0.64 AC | ||
| Zoning | Commercial | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.64 AC |
| Building Size | 17,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.13/1,000 SF |
| Zoning | Commercial |
ABOUT 470-480 ZAHN DR , AKRON, OH 44313
Great cash flow. There are 8 four bedroom and 6 three bedroom apartments for a total of 14. Attached covered parking and separate basements with washer/dryer hook ups. All utilities are separate. Tenants pay their own heat and electric. Owner pays water/sewer/trash. Gross rents are $129,600. Owner expenses are $43,098. Net operating income is $86,502. Cap rate is 11%. Roofing is asphalt and was replaced in 2000, see attached list for ages of hot water tanks, furnaces, A/C and appliances. Same owner for 33 years. He is retiring.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 6 | $740.00 | - |
| 4+1 | 8 | $795.00 | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $144,856 | |
| Land Assessment | $82,647 | Total Assessment | $227,503 |
PROPERTY TAXES
