806 Sherman St | Akron, OH 44311
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- LoopNet Team
806 Sherman St
Akron, OH 44311
SHERMAN NICHOLAS APTS. · Multifamily Property For Sale
·
9 Units
INVESTMENT HIGHLIGHTS
- 9 Recently Renovated, Brand New Suites / 100% Occupied
- Stable Turn-Key Investment with no deferred maintenance and needing very little management
- Walking distance away from The University of Akron (15,000 enrollment)
- 8.98% Projected Cap w/8% Management and Real Estate Tax Adjustment
- SELLER FINANCING AVAILABLE! / Tenant Paid Utilities
PROPERTY FACTS
| No. Units | 9 | Building Size | 9,418 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Townhome | Year Built/Renovated | 1920/2022 |
| Building Class | C | Parking Ratio | 3.11/1,000 SF |
| Lot Size | 0.51 AC | ||
| Zoning | U-2 | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 9,418 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1920/2022 |
| Parking Ratio | 3.11/1,000 SF |
| Zoning | U-2 |
AMENITIES
UNIT AMENITIES
- Tile Floors
- Stainless Steel Appliances
- Basement
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | $850.00 | 900 |
| 3+1 | 1 | $1,250 | 1,425 |
PROPERTY TAXES
| Parcel Number | 67-49724 | Improvements Assessment | $69,440 |
| Land Assessment | $23,310 | Total Assessment | $92,750 |
PROPERTY TAXES
Parcel Number
67-49724
Land Assessment
$23,310
Improvements Assessment
$69,440
Total Assessment
$92,750
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