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246 5th St NW 7 Unit Apartment Building $676,129 CAD ($96,590 CAD/Unit) 11% Cap Rate Barberton, OH 44203

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Executive Summary

Updated 7-unit apartment building near Lake Anna in Barberton. The building consists of 7 (1) bedroom / (1) bathroom units with uncovered parking lot to the side of the building. All 7 units have been renovated. Each unit is separately metered for gas/electric. Tenants pay gas and electric. Beautifully decorated kitchens, bath fixtures, newer flooring, fresh paint and appliances throughout. All newer windows. Property is located at the corner of 5th Street and Lake Anna Court. which is walking distance to Lake Anna. Unit Rents: 1) $850, 2) $755, 3) $825 vacant, 4) $885, 5) $850 vacant, 6) $755, 7) $775. Monthly gross rent potential $5,695. Owner left the two units vacant

Property Facts

Price	$676,129 CAD	Apartment Style	Low-Rise
Price Per Unit	$96,590 CAD	Building Class	C
Sale Type	Investment	Lot Size	0.06 AC
Cap Rate	11%	Building Size	3,187 SF
No. Units	7	No. Stories	3
Property Type	Multifamily	Year Built	1900
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$676,129 CAD
Price Per Unit	$96,590 CAD
Sale Type	Investment
Cap Rate	11%
No. Units	7
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.06 AC
Building Size	3,187 SF
No. Stories	3
Year Built	1900
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.