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9038 Maple Grove Road

Windham, OH 44288
  • $375,000
  • STATUS: Active
  • ON SITE: 177 Days
  • MLS #: 4274188
UPDATED: 69 min ago
$375,000
  • 0
    BEDS
  • 0.78
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1942
County:
Area:

School Ratings & Info

Listing courtesy of Re/Max Rising.
Listing information © 2021 YES-MLS.

Description

(2) Apartment buildings on ~3/4 acre in the heart of Windham. The first building has 6 units, the second building has 5 units. Current occupancy is 72.3% (8 units / 11 units). 3 units are in need of renovation/finishing. Rental rate estimates according to owner: (1) 5 or 6 bedroom unit = $1200.00 / $1400.00 per month. (3) 3-bedroom units = $750.00 per month. (7) 2-bedroom units = $650.00 per month. Seller pays for water and trash. The tenant pays for electricity and gas. Estimated monthly expenses for 75% occupancy is $20,400.00 per year. This includes taxes, insurance, trash, and water. Hypothetical gross yearly income at 75% occupancy is $72,000.00. Seller does all management, maintenance, and lawn care.

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Listing information © 2021 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than The Jess Nader Team | REMAX CROSSROADS are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2021-10-24T16:07:43.357.
www.jessnader.com/homes/116581310
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9038 Maple Grove Road Windham, OH 44288

  • Price: $375,000
  • Status: Active
  • Updated: 69 min ago
  • MLS #: 4274188
0
Beds
0
Baths
0
½ Baths
0.78
Acres
1942
Built
Neighborhood:
Maple Grove Park
County:
Portage
Area:
Windham
Property Description
(2) Apartment buildings on ~3/4 acre in the heart of Windham. The first building has 6 units, the second building has 5 units. Current occupancy is 72.3% (8 units / 11 units). 3 units are in need of renovation/finishing. Rental rate estimates according to owner: (1) 5 or 6 bedroom unit = $1200.00 / $1400.00 per month. (3) 3-bedroom units = $750.00 per month. (7) 2-bedroom units = $650.00 per month. Seller pays for water and trash. The tenant pays for electricity and gas. Estimated monthly expenses for 75% occupancy is $20,400.00 per year. This includes taxes, insurance, trash, and water. Hypothetical gross yearly income at 75% occupancy is $72,000.00. Seller does all management, maintenance, and lawn care.
Exterior Features

Roof AsphaltFiberglass

Interior Features

Basement None Basement YN No Building Area Total 0 Cooling None Cooling YN No Heating Forced AirGas Heating YN Yes

Property Features

Lease Considered YN No Listing Terms CashConventional Owner Pays Trash CollectionWater Property Sub Type Apartment Tax Annual Amount 4593 Tenant Pays ElectricityGas Township Windham Vlg Water Source Public Year Built Details Actual Ybt

Listing information © 2021 YES-MLS.
Listing provided courtesy of Re/Max Rising.
Listing information © 2021 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than The Jess Nader Team | REMAX CROSSROADS are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2021-10-24T16:07:43.357.
 
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The Jess Nader Team | REMAX CROSSROADS
2040 Front Street
Cuyahoga Falls OH, 44221
Listing courtesy of Re/Max Rising.
Listing information © 2021 YES-MLS.