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These are all 2-bedroom, 1 bath units in this brick 1983 recently remodeled building. There are currently 2 vacant units that are now ready to be leased. Current NOI on the 14 occupied units is $105,324.00. Filling the 2 vacant units takes NOI to $131,892.00. Average rents are currently $814/mo. Great opportunity to raise rents. Apartment is 6 minutes from Mount Union College. Turnkey units, recommendation would be to start by raising rents to $925 per door which is a small increase but would raise your cap rate to 8.5% with long term opportunity to drive much higher cash flows. Proximity to campus provides easy access to rental base.PROPERTY FEATURES
Water Source : Public
Sewer System : PublicSewer
Parking Total: 20
Roof : Asphalt
Property Sub-Type Additional : Apartment
Current Use : Investment
Heating : Yes.
Heating : Baseboard
PROPERTY DETAILS
Street Address: 2128 Tanglewood Avenue
City: Alliance
State: Ohio
Postal Code: 44601
County: Stark
MLS Number: 5127417
Year Built: 1983
Courtesy of Keller Williams Chervenic Rlty
City: Alliance
State: Ohio
Postal Code: 44601
County: Stark
MLS Number: 5127417
Year Built: 1983
Courtesy of Keller Williams Chervenic Rlty
Courtesy of Keller Williams Chervenic Rlty
