470-480 Zahn Drive

    Akron, OH 44313
    • $699,900
    • STATUS: Active
    • ON SITE: 18 days
    • MLS #: 4100265
    UPDATED: 30 min ago
    $699,900
    • 0
      BEDS
    • 0.64
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1965
    County:

    School Ratings & Info

    Listing courtesy of Re/Max Crossroads Properties.
    Listing information © 2017 NEOHREX MLS.

    Description

    Great cash flow in this 14 unit townhouse style apartment complex. There are 8 four bedroom and 6 three bedroom apartments for a total of 14. Attached covered parking and separate basements with washer/dryer hook ups. All utilities are separate. Tenants pay their own heat and electric. Owner pays water/sewer/trash. Gross rents are $130260. Owner expenses are $44,398 (see breakdown in MLS). Net operating income is $85,862. Cap rate is 12%. Roofing is asphalt and was replaced in 2000, see attached list of ages of hot water tanks, furnaces, A/C and appliances. Same owner for 33 years. He is retiring. Located in residential neighborhood overlooking Sand Run Metropark.

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    Listing information © 2019 NEOHREX Multiple Listing Service. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of NEOHREX. Real estate listings held by brokerage firms other than RE/MAX Edge Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2019-06-16T23:07:35.863.
    www.akroncantonhomesonline.com/homes/95252606

    470-480 Zahn Drive Akron, OH 44313

    • Price: $699,900
    • Status: Active
    • Updated: 30 min ago
    • MLS #: 4100265
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.64
    Acres
    1965
    Built
    Neighborhood:
    Park Heights Estates
    County:
    Summit
    Area:
    West Akron(North)
    Property Description
    Great cash flow in this 14 unit townhouse style apartment complex. There are 8 four bedroom and 6 three bedroom apartments for a total of 14. Attached covered parking and separate basements with washer/dryer hook ups. All utilities are separate. Tenants pay their own heat and electric. Owner pays water/sewer/trash. Gross rents are $130260. Owner expenses are $44,398 (see breakdown in MLS). Net operating income is $85,862. Cap rate is 12%. Roofing is asphalt and was replaced in 2000, see attached list of ages of hot water tanks, furnaces, A/C and appliances. Same owner for 33 years. He is retiring. Located in residential neighborhood overlooking Sand Run Metropark.
    Exterior Features

    Parking CoveredDriveway Parking Features CoveredDriveway Parking Total 24 Roof Fiberglass

    Interior Features

    Basement Full Basement YN Yes Building Area Total 0 Cooling Central Air Cooling YN Yes Foundation Details Basement Heating Forced AirGas Heating YN Yes

    Property Features

    Insurance Expense 7750 Lease Considered YN No Net Operating Income 85862 Owner Pays SewerTrash CollectionWater Property Sub Type Apartment Sewer Private SewerPrivate Sewer Tax Annual Amount 14648 Tenant Pays Cable TvElectricityGas Trash Expense 2700 Water Sewer Expense 18000 Water Source PublicPublic Year Built Details Actual Ybt

    Listing information © 2019 NEOTHREX Multiple Listing Service.
    Listing provided courtesy of Re/Max Crossroads Properties.
    Listing information © 2019 NEOHREX Multiple Listing Service. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of NEOHREX. Real estate listings held by brokerage firms other than RE/MAX Edge Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2019-06-16T23:07:35.863.
     
    RE/MAX Edge Realty
    Serving Your Real Estate Needs In
    Akron / Canton OH,
    Listing courtesy of Re/Max Crossroads Properties.
    Listing information © 2017 NEOHREX MLS.