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Oakdale 25 Oakdale Ave 14 Unit Apartment Building $1,189,702 CAD ($84,979 CAD/Unit) 6.86% Cap Rate Akron, OH 44302
Investment Highlights
- 14 Units
- 93% Occupancy
- 2 Parcels
- Each unit has been renovated
Executive Summary
Oakdale Apartments is a 14-unit apartment community offering immediate cash flow with additional upside through future rent growth. The offering includes two parcels (17 & 25 Oakdale Ave) and consists of fourteen 1-bedroom, 1-bath apartment units.
Every unit has been renovated within the past four years with luxury vinyl plank flooring throughout, while several units feature granite countertops. Each apartment is equipped with a new electrical panel and electric baseboard heat, with tenants paying their own electric service—helping keep operating and maintenance costs low.
Ownership has also installed two new sets of coin-operated washers and dryers in the partial basement, providing residents with a convenient on-site laundry facility while generating additional income.
The landlord is responsible only for the gas used to heat the domestic hot water and the electricity serving the common areas and laundry facility.
With strong cash flow, updated interiors, low maintenance costs, and room for future rent growth, Oakdale Apartments is an excellent investment opportunity.
Every unit has been renovated within the past four years with luxury vinyl plank flooring throughout, while several units feature granite countertops. Each apartment is equipped with a new electrical panel and electric baseboard heat, with tenants paying their own electric service—helping keep operating and maintenance costs low.
Ownership has also installed two new sets of coin-operated washers and dryers in the partial basement, providing residents with a convenient on-site laundry facility while generating additional income.
The landlord is responsible only for the gas used to heat the domestic hot water and the electricity serving the common areas and laundry facility.
With strong cash flow, updated interiors, low maintenance costs, and room for future rent growth, Oakdale Apartments is an excellent investment opportunity.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,189,702 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $84,979 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 6.86% | Building Size | 7,200 SF |
| Sale Condition | High Vacancy Property | Average Occupancy | 93% |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1977 |
| Property Subtype | Apartment | ||
| Zoning | Commercial | ||
| Price | $1,189,702 CAD |
| Price Per Unit | $84,979 CAD |
| Sale Type | Investment |
| Cap Rate | 6.86% |
| Sale Condition | High Vacancy Property |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 7,200 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 1977 |
| Zoning | Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | - | - |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 67-30951 | Improvements Assessment | $207,072 CAD |
| Land Assessment | $36,032 CAD | Total Assessment | $243,105 CAD |
Property Taxes
Parcel Number
67-30951
Land Assessment
$36,032 CAD
Improvements Assessment
$207,072 CAD
Total Assessment
$243,105 CAD
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I Heart Real Estate, LLC.
Oakdale | 25 Oakdale Ave
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