203 Crosby
Akron, OH 44303
$3,400,000
Kassidy Wallace
36 Total Photos [Click to View All]
Listing Details
- $3,400,000
- MLS# 5226160
- Type Commercial - Business
- Status Active
Home Value Estimate
Description
33 units across Greater Akron, listed at $3.4M, or $103,030 a door. Lease up the four units already under renovation and you are into a 9.3% cap with double-digit cash-on-cash. Push rents to market on turnover from there and it runs to a 10.3% pro forma. This is a stabilized, cash-flowing scattered-site portfolio that hands you double-digit returns once those units fill, not a paper story. The portfolio is 17 single families, 8 duplexes, 6 triplexes, and 2 condos spread across Akron and a few surrounding communities. Every property was fully remodeled in the last five years, with updated electrical and plumbing throughout, many with new...read more
Features
- Other
- $46,782 / year Taxes
- Built in 1884
Gallery
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Listed By
Agency Name: Russell Real Estate Services
Agency Contact: tal@premierclevelandinvesting.com, 216-870-8687
Shown By
Agent Name: Kassidy Wallace
Agent Phone: (304) 710-8740
Agency Title: Old Colony, REALTORS®
Agency Contact: Contact
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