330-453-9187
700-724 N Market St, Minerva, OH for Sale
Apartments - FOR SALE
1/21
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700-724 N Market St
Minerva, OH 44657


OVERVIEW

Terrific Investment Opportunity Rock Ridge Apartments 16-Unit Apartment Complex On 1.99 Acres All 2-Bedroom Units, Carports, All Separate Utilities Across From Municipal Park Stark County, Minerva, OH Live Auction With Online Bidding Available Absolute auction, all sells to the highest bidder on location: 700-724 N. Market St., Minerva, OH 44657 Directions: Take Market St. north of US Rt. 30 or south of SR 183 to auction. Watch for KIKO signs. Thursday, May 29, 2025, 12:30 PM Real estate features a well-maintained 16-unit apartment complex on 1.99 acres in the village of Minerva with public utilities. All units are flats with 2 bedrooms, 1 full bath, kitchen & living room. All but 2 units currently rented with several being long-term tenants. Recent new steel roofs. 3 brick buildings total plus carports. 2 buildings with 4 units each, one with 8. All electric units. Landlord pays water/sewer, trash, common area electric. (4) co-op laundries on-site for additional income. Public water & sewer. Units have been refurbished as change in tenants. Great rental income with rents grossing approx. $110,000 per year. Located across from park and high school. Many units will be open for viewing auction day beginning at 11:00 am. Please do not disturb tenants. Stark Co. parcel #4200604. Paved concrete driveway & parking. Terms On Real Estate: 10% down auction day, balance due at closing. A 10% buyer’s premium will be added to the highest bid to establish the purchase price. Any desired inspections must be made prior to bidding. All information contained herein was derived from sources believed to be correct. Information is believed to be accurate but not guaranteed. Auction By Order Of: D & R Housing LLC Auctioneer/Realtor: Matthew P. Kiko, 330.327.9617 or mattkiko@kikocompany.com

FOR SALE DETAILS

PRICE

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# OF UNITS

16

CAP RATE

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% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

16-Unit Apartment Complex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.99 AC

LAND SF

86,684 SF

ZONING

Commercial

APN/PARCEL ID

04200604

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Richard KikoKIKO CompanyMore Info
330-453-9187

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Richard KikoKIKO CompanyMore Info
330-453-9187

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