Collect $2,141/month - 4 Unit Apartment Building in Akron!

9 Replies

Price $85,000
Location 873-875 Chalker Street, Akron, OH, 44310
Property Details

Unit: 1

  • Current Rent: $550
  • Occupied: Yes
  • Bedrooms: 1
  • Bathrooms: 1.0
  • Square Footage:

Unit: 2

  • Current Rent: $550
  • Occupied: No
  • Bedrooms: 1
  • Bathrooms: 1.0
  • Square Footage:

Unit: 3

  • Current Rent: $500
  • Occupied: No
  • Bedrooms: 1
  • Bathrooms: 1.0
  • Square Footage:

Unit: 4

  • Current Rent: $425
  • Occupied: No
  • Bedrooms: 1
  • Bathrooms: 1.0
  • Square Footage:

Lot Size: 8340

4 Unit Apartment Building - For less than the price of most Single-Family Homes, you can have 4 income-producing units!









Hi Todd,

Who is the management company willing to take this over? 

Is the investment rent ready or does it need some work?

Hi @Marc Sollberger

 I have a information packet I can send you that answers most of the questions you've asked above.

What email address would you like me to send that to?

Thanks,

Todd

Hey @Marc Sollberger

Thanks for responding to our ad. You should have an email from me in your inbox now. Please let me know if you have any questions. Thanks,

Todd

Hi Todd,

Nothing has come through and I have just finished checking my spam folder.

Please send again.

Marc

Hey @Marc Sollberger

I just sent it again. Please let me know if you don't receive that one. 

Thanks

Todd

Hey Todd,

Got it! 

Thanks

@Todd Keith

Couple of questions - how is this $17k/door? What are the pro forma numbers (where did you get them from)? Thanks

Hi @Ariel Kumpinsky

That's a typo. It's actually $18,250/door. Thanks for catching that. I'll have my assistant fix it. 

The pro forma numbers are based on billing the electric utilities back to the tenants (becuase these have separate meters) and raising rents up to market level. Market level rents are based on a rentometer report we ran for 1/2 mile radius around this property. 

Let me know if you have any other questions. 

Thanks,

Todd

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