Bard (24 units) | 670-680 Hancock Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Bard (24 units) 670-680 Hancock Ave
24 Unit Block of Flats £1,164,564 (£48,523/Unit) 8.37% Net Initial Yield Akron, OH 44314
Investment Highlights
- Stable tenant base.
- 8% cap rate with upside potential.
Executive Summary
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. Projected 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.
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.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £1,164,564 | Apartment Style | Low Rise |
| Price Per Unit | £48,523 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.92 AC |
| Net Initial Yield | 8.37% | Building Size | 18,400 SF |
| No. Units | 24 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1974 |
| Property Subtype | Apartment | Parking Ratio | 1.58/1,000 SF |
| Price | £1,164,564 |
| Price Per Unit | £48,523 |
| Sale Type | Investment |
| Net Initial Yield | 8.37% |
| No. Units | 24 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.92 AC |
| Building Size | 18,400 SF |
| Number of Floors | 2 |
| Year Built | 1974 |
| Parking Ratio | 1.58/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 600 |
| 1+1 | 6 | - | 750 |
1 of 1
PROPERTY TAXES
| Parcel Number | 68-46002 | Total Assessment | £157,152 |
| Land Assessment | £30,435 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £126,717 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
68-46002
Land Assessment
£30,435
Improvements Assessment
£126,717
Total Assessment
£157,152
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
zoning
| Zoning Code | U2-H2-A3, Akron (multi-family (U-2)) |
| U2-H2-A3, Akron (multi-family (U-2)) |
-
Jack Marsillo -
Cutler Commercial Investment Group
1 of 16
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Bard (24 units) | 670-680 Hancock Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.