143 Durling Drive,Wadsworth, OH 44281
Wadsworth, OH 44281
Description
Very desirable scattered site portfolio consisting of 158 rental units under 41 buildings along with three vacant lots. Located throughout the greater suburban Summit County area including Portage Lakes, Ellet, Lakemore, Akron and into Wadsworth in Medina County, this impressive portfolio encompasses an array of styles, is attractive to many different renters and stays consistently occupied. Gross rents total $1,378,404. Annual expenses are approximately $635,596. Vacancy rate approximately 4%. Housing includes: a private island peninsula, 42-unit building, 22-unit community, 16-unit building, 12-unit building, 9-unit community, 7-unit block, 7 single family homes, 1 quintuplex, 3 quadplexes and 13 duplexes/ twinplexes. These properties are located in pockets of highly sought- after neighborhoods with established high revenue and very low vacancy rates. There are many garage spaces (not used iby the Tenants) and various coin- operated laundry machines as added ancillary income. This portfolio generates immediate cash flow and has a long term upside compelling private investors, corporate groups, commercial real estate holdings and individual investors into an impressive acquisition with a single transaction. 86 of the units are 2bd, 65 are 1bd, 6 are 3bd and one is a studio . Additional parcel numbers: 6703228, 6723671, 6733288, 6733289, 6742140, 6742141, 6726936, 6761197, 6762834, 6800459, 6828011, 6854980, 6824202, 6835384, 6809851, 6809854, 6839061, 6838852, 6842468, 6819826, 6801160, 1906872, 1904742, 2200101, 2200805, 1901895, 1901894, 1901895, 1901898, 19006041, 5109925, 5400854, 5402242, 5400856, 5400546, 5401998. Financials available upon request with a signed NDA. Buyer to verify all information. contained herein.
Details
| MLS # | 5243114 |
|---|---|
| Listing Type | For Sale |
| Style | Apartment |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 31 |
| Listing Provided By | Berkshire Hathaway HomeServices Stouffer Realty | Lisa M Schmitt |
Features
| SQ Feet | 124,000 |
|---|---|
| Units | 158 |
| Building(s) | 41 |
| Zoning | Multi-Family |
| Acreage | 15.00 |
| Water Front | Yes |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Additional Parking, Asphalt, Common, Concrete, Covered, Direct Access, Detached, Garage, Gravel, On Site, Off Street, Outside, Shared Driveway, Unpaved |
Taxes
| Tax Annual Amount | 151408 |
|---|
Location
| Community Features | Lake |
|---|
Area Information
| State | OH |
|---|---|
| County | Medina |
| City | Wadsworth |
| Zip Code | 44281 |
| Listing VS Median (in 44281) | |
Price: $11,980,000 low | high Med: $362,000 sqft: 124,000 low | high Med: 1,575 $ / sqft: $97 low | high Med: $230 On site: 31 low | high Med: 157 | |
Market Activity 44281
Request a showing
Request a showing
Contact
Learn More About This Property
| State | OH |
|---|---|
| County | Medina |
| City | Wadsworth |
| Zip Code | 44281 |
| Listing VS Median (in 44281) | |
Price: $11,980,000 low | high Med: $362,000 sqft: 124,000 low | high Med: 1,575 $ / sqft: $97 low | high Med: $230 On site: 31 low | high Med: 157 | |