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Durling Crossing 143 Durling Dr 158 Unit Apartment Building $16,575,528 CAD ($104,908 CAD/Unit) Wadsworth, OH 44281
Investment Highlights
- Very established rental neighborhoods. Long term Tenants.
Executive Summary
Very desirable scattered site portfolio consisting of 158 rental units under 41 roofs along with three vacant lots. Located throughout the greater Akron area and into Wadsworth, 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. Currently there are 4 vacancies. 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, 1901894, 1901898, 19006041, 5109925, 5400854, 5402242, 5400856, 5400546, 5401998. Financials available upon request with a signed NDA. Buyer to verify all information. contained herein.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,907,160
|
$50.69
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$27,672
|
$0.74
|
| Effective Gross Income |
$1,879,488
|
$49.95
|
| Taxes |
$223,324
|
$5.94
|
| Operating Expenses |
$656,087
|
$17.44
|
| Total Expenses |
$879,411
|
$23.37
|
| Net Operating Income |
$1,000,077
|
$26.58
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,907,160 |
| Annual Per SF | $50.69 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $27,672 |
| Annual Per SF | $0.74 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,879,488 |
| Annual Per SF | $49.95 |
| Taxes (CAD) | |
|---|---|
| Annual | $223,324 |
| Annual Per SF | $5.94 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $656,087 |
| Annual Per SF | $17.44 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $879,411 |
| Annual Per SF | $23.37 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $1,000,077 |
| Annual Per SF | $26.58 |
Property Facts
| Price | $16,575,528 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $104,908 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 2.16 AC |
| Sale Condition | Bulk/Portfolio Sale | Building Size | 124,000 SF |
| Gross Rent Multiplier | 8.69 | Average Occupancy | 99% |
| No. Units | 158 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 2.82/1,000 SF |
| Price | $16,575,528 CAD |
| Price Per Unit | $104,908 CAD |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| Gross Rent Multiplier | 8.69 |
| No. Units | 158 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.16 AC |
| Building Size | 124,000 SF |
| Average Occupancy | 99% |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 2.82/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Range
- Views
- Carpet
- Yard
- Basement
- Deck
- Handrails
- Lawn
- Patio
- Porch
- Smoke Free
- Window Coverings
- Large Bedrooms
Site Amenities
- Laundry Facilities
- Picnic Area
- Waterfront
- Smoke Free
- Trash Pickup - Curbside
- Storage Space
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 86 | - | - |
| 1+1 | 65 | - | - |
| Studios | 1 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 040-20D-04-239 | Total Assessment | $859,229 CAD |
| Land Assessment | $73,220 CAD | Annual Taxes | $223,324 CAD ($1.80 CAD/SF) |
| Improvements Assessment | $786,009 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
040-20D-04-239
Land Assessment
$73,220 CAD
Improvements Assessment
$786,009 CAD
Total Assessment
$859,229 CAD
Annual Taxes
$223,324 CAD ($1.80 CAD/SF)
Tax Year
2025
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Durling Crossing | 143 Durling Dr
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