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Ryan House 685 Sherman St 21 Unit Apartment Building $1,250,000 ($59,524/Unit) 8.25% Cap Rate Akron, OH 44311
Investment Highlights
- On-site laundry
- On-site parking
- Spacious Units
Executive Summary
Fully leased multifamily property
Property Facts
| Price | $1,250,000 | Building Class | C |
| Price Per Unit | $59,524 | Lot Size | 0.50 AC |
| Sale Type | Investment | Building Size | 16,250 SF |
| Cap Rate | 8.25% | Average Occupancy | 100% |
| No. Units | 21 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 2.14/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $1,250,000 |
| Price Per Unit | $59,524 |
| Sale Type | Investment |
| Cap Rate | 8.25% |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 16,250 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 2.14/1,000 SF |
Amenities
Unit Amenities
- Disposal
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
- Lounge
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | - | 750 |
| 2+1 | 6 | - | 1,000 |
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Property Taxes
| Parcel Number | 67-13647 | Improvements Assessment | $167,496 |
| Land Assessment | $30,741 | Total Assessment | $198,237 |
Property Taxes
Parcel Number
67-13647
Land Assessment
$30,741
Improvements Assessment
$167,496
Total Assessment
$198,237
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Videos
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Ryan House | 685 Sherman St
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