488 - 500 Zahn (16 Units)
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488 - 500 Zahn (16 Units)
2 Residential Properties Offered at £938,940 in Akron, OH
Investment Highlights
- Location - centraly located between downtown Akron and Fairlawn
- Each tenant gets a covered parking spot in their assigned garage.
- Rents can be increased
Executive Summary
Cash flowing 16 unit property consists of 2 buildings 488 & 500 Zahn with a proforma caprate of 7%. Each unit is 1 bed 1 bath with tenants paying utilities and comes equipped with stove and fridge. Currently 1 vacant unit all others occupied. Each unit has a parking space. Recent landscaping and removal of overgrowth around parking areas. No showings of vacant unit until an accepted LOI or offer is in place.
Data Room Click Here to Access
Taxes & Operating Expenses (Actual - 2023) |
Annual |
|---|---|
| Gross Rental Income |
£99,985
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
£99,985
|
| Net Operating Income |
-
|
Taxes & Operating Expenses (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £99,985 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | £99,985 |
| Net Operating Income | |
|---|---|
| Annual | - |
Property Facts
| Price | £938,940 | Number of Properties | 2 |
| Price / SF | £55.95 / SF | Individually For Sale | 0 |
| Net Initial Yield | 7% | Total Building Size | 16,783 SF |
| Sale Type | Investment | Total Land Area | 0.56 AC |
| Status | Active |
| Price | £938,940 |
| Price / SF | £55.95 / SF |
| Net Initial Yield | 7% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 16,783 SF |
| Total Land Area | 0.56 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 500 Zahn Dr, Akron, OH 44313 | Residential | 7,198 SF | 1968 | - |
| 488-490 Zahn Dr, Akron, OH 44313 | Residential | 9,585 SF | 1969 | - |
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488 - 500 Zahn (16 Units)
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