Listing ID: 44191
Business Overview
Historic Highland Square in Akron! Two buildings – each with three rental units and a communal basement. Two units in each building are two bedroom units, while the third is a one bedroom. Along with the apartments themselves, each building comes equipped with three built-in garage spaces. Both buildings have already been value-added! Work includes re-finishing the original hardwood floors in multiple units, re-painting(s), new appliance installation, water-heater replacement, numerous inspections and updates, and more. Five of the six units come with working central air and unit-based thermostat control to keep the tenants comfortable during every season. Four of the six units are currently occupied, with two units currently available. This complex is primed and ready for a new owner. Still plenty of room to value add and increase rents! Properties are well maintained and offer interesting architecture. Two buildings 1115 Copley and 1119 Copley, two seperate parcels (67-24530 and 67-23139), being sold as a portfolio. All figures provided are for both buildings combined.
Financial
Seller Financing Available
- Asking Price: $285,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: No
- Established: 1937
Detailed Information
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:5,848
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A