820 Klinger Ave, Alliance OH 44601 Photo 1 820 Klinger Ave, Alliance OH 44601 Photo 2 820 Klinger Ave, Alliance OH 44601 Photo 3 820 Klinger Ave, Alliance OH 44601 Photo 4 820 Klinger Ave, Alliance OH 44601 Photo 5 820 Klinger Ave, Alliance OH 44601 Photo 6 820 Klinger Ave, Alliance OH 44601 Photo 7 820 Klinger Ave, Alliance OH 44601 Photo 8 820 Klinger Ave, Alliance OH 44601 Photo 9 820 Klinger Ave, Alliance OH 44601 Photo 10 820 Klinger Ave, Alliance OH 44601 Photo 11 820 Klinger Ave, Alliance OH 44601 Photo 12 820 Klinger Ave, Alliance OH 44601 Photo 13 820 Klinger Ave, Alliance OH 44601 Photo 14 820 Klinger Ave, Alliance OH 44601 Photo 15 820 Klinger Ave, Alliance OH 44601 Photo 16 820 Klinger Ave, Alliance OH 44601 Photo 17 820 Klinger Ave, Alliance OH 44601 Photo 18 820 Klinger Ave, Alliance OH 44601 Photo 19

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820 Klinger Ave - Priced to sell at just under $30,000/unit! We are offering two 4 unit apartment buildings which have had approx. $70,000 in renovations and pride of ownership shows. The 2 bedroom 1 bath units are separately metered, situated on over one acre, and have a detached eight car carport. Roof and mechanical systems appear to be in good condition. Landlord has had a no pet policy since ownership and zero evictions. Income from coin operated laundry is approximately $600 per year. Current cap rate is 10.49% based on an average vacancy rate of 7% and all operating expenses. There is potential to improve cash flow further as rents are below market value. Sale includes parcels 2801222 and 2801223 plus all stoves and refrigerators.

Listing information

  • MLS® ID: 3668224
  • Status: Sold on 4/8/2015
  • New Construction: No
  • Estimated Annual Taxes: $3,003
  • Style: Commercial
  • Stories: 2
  • Foreclosure: No
  • County: Stark
  • Year Built: 1971
  • Parking Type Description: Covered / Indoors 8 cars
  • Lot Area: 1.03

Features

Apartments Type Apartments Only
Basement Detail None
Cooling Type Central Air
Heating Fuel Gas
Heating Type Forced Air
Location Suburban
Miscellaneous Features Security Lighting
Other Assessments YN - 0, Elevator YN - 0, Num Of Apartments Total - 8, Num Of Units - 8, Sewer Water - 3300, Trash Rubbish - 852, Units 1 Bedroom - 0, Units 2 Bedroom - 8, Units 3 Bedroom - 0, Units 3 Plus Bedroom - 0, Unitswith Balcony - 4
Owner Pays Sewer, Trash Collection, Water
Possession Negotiable
Property Subtype Apartment
Roof Asphalt/Fiberglass
Tenant Pays Cable/Electric Link, Electric, Gas
Water Sewer Public Sewer, Public Water
Listing Courtesy of Kolp & Associates