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USAOHAllianceAlliance2128 Tanglewood Ave
2128 Tanglewood Ave, Condo with 0 bedrooms, 0 bathrooms and 20 parking in Alliance OH | Image 1
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$1,600,000

2128 Tanglewood Ave, Alliance, OH

Condo

For Sale

$--,---,---
0020
  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Commercial Sale
Size  sqft
Garage No
Maintenance Fees 
Taxes $7,256
Days Active 18
Approx. Age 1983
MLS® Number 5127417

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

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.Show Description
MLS® Number5127417
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1983
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatBaseboard
A/C
Heating Fuel

Extras

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