143 Durling Dr - Apartments FOR SALE


Wadsworth, OH 44281
$11,980,000 USD
330-606-9934
143 Durling Dr, Wadsworth, OH for Sale
$11,980,000 USD
Apartments - FOR SALE
1/42
null | Request Cap Rate

143 Durling Dr
Wadsworth, OH 44281


HIGHLIGHTS

  • Very established rental neighborhoods. Long term Tenants.

OVERVIEW

Very desirable scattered site portfolio consisting of 158 rental units under 41 roofs along with three vacant lots. Located throughout the greater Akron area and into Wadsworth, this impressive portfolio encompasses an array of styles, is attractive to many different renters and stays consistently occupied. Gross rents total $1,378,404. Annual expenses are approximately $635,596. Currently there are 4 vacancies. Housing includes: a private island peninsula, 42-unit building, 22-unit community, 16-unit building, 12-unit building, 9-unit community, 7-unit block, 7 single family homes, 1 quintuplex, 3 quadplexes and 13 duplexes/ twinplexes. These properties are located in pockets of highly sought- after neighborhoods with established high revenue and very low vacancy rates. There are many garage spaces (not used iby the Tenants) and various coin- operated laundry machines as added ancillary income. This portfolio generates immediate cash flow and has a long term upside compelling private investors, corporate groups, commercial real estate holdings and individual investors into an impressive acquisition with a single transaction. 86 of the units are 2bd, 65 are 1bd, 6 are 3bd and one is a studio . Additional parcel numbers: 6703228, 6723671, 6733288, 6733289, 6742140, 6742141, 6726936, 6761197, 6762834, 6800459, 6828011, 6854980, 6824202, 6835384, 6809851, 6809854, 6839061, 6838852, 6842468, 6819826, 6801160, 1906872, 1904742, 2200101, 2200805, 1901895, 1901894, 1901894, 1901898, 19006041, 5109925, 5400854, 5402242, 5400856, 5400546, 5401998. Financials available upon request with a signed NDA. Buyer to verify all information. contained herein.

FOR SALE DETAILS

PRICE

$11,980,000 USD

PRICE/SF

$318 USD /SF

# OF UNITS

158

PRICE/UNIT

$75,823

CAP RATE

Request Cap Rate

% LEASED

99%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Durling Crossing

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

350

LAND DETAILS

LAND ACRES

2.16 AC

LAND SF

94,089 SF

ZONING

-

APN/PARCEL ID

040-20D-04-239

ASK ABOUT THIS PROPERTY

Lisa SchmittBerkshire Hathaway HomeServices Stouffer RealtyMore Info
330-606-9934

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Lisa SchmittBerkshire Hathaway HomeServices Stouffer RealtyMore Info
330-606-9934

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.