670-680 Hancock Ave - Apartments FOR SALE


Akron, OH 44314- Kenmore
$1,500,000 USD
330-835-5664
670-680 Hancock Ave, Akron, OH for Sale
$1,500,000 USD
Apartments - FOR SALE
1/15
null | 8% Cap Rate

670-680 Hancock Ave
Akron, OH 44314
Kenmore


HIGHLIGHTS

  • Stable tenant base.
  • 8% cap rate with upside potential.

OVERVIEW

Investment Opportunity: two apartment buildings with 12 units each, in a convenient location. All 24 units are 1-bed / 1-bath, with common access to coin laundry facility. Several long-term tenants and some subsidized rents. Cap Rate of 8% with room for improvement. Tenants pay electric including a/c wall units. Owner pays heat (boiler / gas), water, sewer, and trash. The asking price reflects a discount for some deferred maintenance. An acceptable non-binding LOI is required prior to showing. Please do not disturb the tenants.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$82 USD /SF

# OF UNITS

24

PRICE/UNIT

$62,500

CAP RATE

8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bard (24 units)

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,132 SF

ZONING

U2-H2-A3, Akron

APN/PARCEL ID

68-46002

ASK ABOUT THIS PROPERTY

Jack MarsilloCutler Commercial Investment GroupMore Info
330-835-5664

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Jack MarsilloCutler Commercial Investment GroupMore Info
330-835-5664

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