25 Oakdale Ave - Apartments FOR SALE


Akron, OH 44302- Lane-Wooster
$839,900 USD
800-259-7670
25 Oakdale Ave, Akron, OH for Sale
$839,900 USD
Apartments - FOR SALE
1/29
null | 6.86% Cap Rate

25 Oakdale Ave
Akron, OH 44302
Lane-Wooster


HIGHLIGHTS

  • 14 Units
  • 2 Parcels
  • 93% Occupancy
  • Each unit has been renovated

OVERVIEW

Oakdale Apartments is a 14-unit apartment community offering immediate cash flow with additional upside through future rent growth. The offering includes two parcels (17 & 25 Oakdale Ave) and consists of fourteen 1-bedroom, 1-bath apartment units. Every unit has been renovated within the past four years with luxury vinyl plank flooring throughout, while several units feature granite countertops. Each apartment is equipped with a new electrical panel and electric baseboard heat, with tenants paying their own electric service—helping keep operating and maintenance costs low. Ownership has also installed two new sets of coin-operated washers and dryers in the partial basement, providing residents with a convenient on-site laundry facility while generating additional income. The landlord is responsible only for the gas used to heat the domestic hot water and the electricity serving the common areas and laundry facility. With strong cash flow, updated interiors, low maintenance costs, and room for future rent growth, Oakdale Apartments is an excellent investment opportunity.

FOR SALE DETAILS

PRICE

$839,900 USD

PRICE/SF

$117 USD /SF

# OF UNITS

14

PRICE/UNIT

$59,993

CAP RATE

6.86%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oakdale

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,298 SF

ZONING

Commercial

APN/PARCEL ID

67-30951

ASK ABOUT THIS PROPERTY

Kaleb PackerI Heart Real Estate, LLC.More Info
800-259-7670

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Kaleb PackerI Heart Real Estate, LLC.More Info
800-259-7670

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