4347 Stow Rd - Apartments FOR SALE


Stow, OH 44224
$1,000,000 USD
440-669-8056
4347 Stow Rd, Stow, OH for Sale
$1,000,000 USD
Apartments - FOR SALE
1/42
null | 5.1% Cap Rate

4347 Stow Rd
Stow, OH 44224


HIGHLIGHTS

  • 5 Duplexes
  • 10 individual condo units
  • Package deal

OVERVIEW

Rare Condo Package Opportunity – Echo Hills Colony Condos, Stow, OH Incredible investment opportunity to acquire 8 of 10 established condo units in the desirable Echo Hills Colony Condos, located in Stow, OH. These units are part of 5 side-by-side duplex buildings, each side deeded as an individual condo unit with its own parcel number. All HOA documents are fully set up and established, providing a smooth and organized transition for the new buyer. All buildings feature new roofs (2024) and have been extensively maintained, including recent plumbing, appliance, and system updates, ensuring minimal deferred maintenance. The package includes: 4 Three-Bedroom, 2.5-Bath Units 4 Two-Bedroom, Two-Bath Units Projected rents are $1,440 for the 3-bedroom units and $1,175 for the 2-bedroom units, offering a proforma gross annual rent of $125,520. With projected expenses including taxes, insurance, trash, capital reserves, general maintenance, and vacancy, the anticipated net operating income is $80,972, delivering a proforma cap rate of 8.1%. Priced at just $125,000 per unit, this is an incredible value compared to area comps. The remaining **2 units are available separately with a negotiable right of first refusal, giving investors the option to control the entire complex. This is a rare chance to own a stabilized, easy-to-operate condo package with strong rental demand, solid cash flow, and long-term flexibility.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$53 USD /SF

# OF UNITS

8

PRICE/UNIT

$125,000

CAP RATE

5.1%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Echo Hills Colony Condos

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.71 AC

LAND SF

74,541 SF

ZONING

-

APN/PARCEL ID

56-12127

ASK ABOUT THIS PROPERTY

David SladewskiPlatinum Real EstateMore Info
440-669-8056

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

David SladewskiPlatinum Real EstateMore Info
440-669-8056

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