515 Lakeview Dr, Alliance OH 44601 Photo 1 515 Lakeview Dr, Alliance OH 44601 Photo 2 515 Lakeview Dr, Alliance OH 44601 Photo 3 515 Lakeview Dr, Alliance OH 44601 Photo 4 515 Lakeview Dr, Alliance OH 44601 Photo 5 515 Lakeview Dr, Alliance OH 44601 Photo 6 515 Lakeview Dr, Alliance OH 44601 Photo 7 515 Lakeview Dr, Alliance OH 44601 Photo 8

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515 Lakeview Dr - Excellent Cash Flow with 17.7% Cash on Cash and 30.05% Total Return. 1.6 Mils from Mount Union College. Solid Brick Construction with many recent updates. Many Amenities. Cap Rate is 9.76

Listing information

  • MLS® ID: 3757359
  • Status: Sold on 5/25/2016
  • New Construction: No
  • Estimated Annual Taxes: $24,105
  • Style: Commercial
  • Stories: 3
  • Foreclosure: No
  • County: Stark
  • Year Built: 1968
  • Parking Type Description: Covered / Indoors 0 cars
  • Lot Area: 4.44

Features

Assessments Y/N No
Available Financing Cash, Conventional
Basement Detail Common
Cooling Type Wall Unit(s)
Elevator Y/N No
Heating Fuel Gas
Heating Type Forced Air
Homestead Exemption Y/N No
Location Suburban
Miscellaneous Features Carpeting, Security Lighting
Other Current Use - 48 Unit Apartment Building, Electric - 5524, Heat - 17643, Lawn Snow Maint - 5000, Num Of Apartments Total - 48, Num Of Units - 48, Residential SF - 33300, Sewer Water - 17951, Trash Rubbish - 6497, Units 1 Bedroom - 18, Units 2 Bedroom - 30
Owner Pays Gas, Heating, Sewer, Trash Collection, Water
Possession Negotiable
Property Subtype Apartment
Roof Flat
Tenant Pays Electric
Water Sewer Public Sewer, Public Water
Listing Courtesy of Russell Real Estate Services