323 N Arlington St

    Akron, OH 44305
    • $355,000
    • STATUS: Active
    • ON SITE: 176 days
    • MLS #: 4040550
    UPDATED: 45 min ago
    $355,000
    • 0
      BEDS
    • 1.36
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1950
    County:

    School Ratings & Info

    Listing courtesy of Keller Williams Tri-County Pro.
    Listing information © 2017 NEOHREX MLS.

    Description

    Extremely motivated seller! Bring your offers! Opportunity Knocks! Looking to invest in a property that can provide consistent and significant returns? 4500 SqFT of office space has been newly renovated in October of 2017. This light industrial building is being used for Warehouse/ Office space with some manufacturing. Just wrapped up the first year of a 5 year lease with excellent tenants. Buyer pays property tax, some small maintenance and insurance. The remaining is collected in the lease with an established Akron area business. This is a great opportunity for a 1031 Exchange needing to park their money quickly. With over 22,000 SqFT of space, this investment provides an impressive 10.2 Cap Rate with out any significant forthcoming maintenance expenses for several years. This opportunity has updated plumbing and new Electric w/ updated panels, new back warehouse roof and 15 years left on the office roof. (Ask your agent about the additional land that could be available as well.) Put your investment money to work and own an impressive piece of commercial Real Estate!

    Monthly Payment Calculator

    Listing information © 2019 NEOHREX Multiple Listing Service. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of NEOHREX. Real estate listings held by brokerage firms other than RE/MAX Trends Realty 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 2019-03-23T18:07:17.857.
    www.trendsrealtyofohio.com/homes/87976486

    323 N Arlington St Akron, OH 44305

    • Price: $355,000
    • Status: Active
    • Updated: 45 min ago
    • MLS #: 4040550
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.36
    Acres
    1950
    Built
    Neighborhood:
    Tallmadge
    County:
    Summit
    Area:
    East Akron(West)
    Property Description
    Extremely motivated seller! Bring your offers! Opportunity Knocks! Looking to invest in a property that can provide consistent and significant returns? 4500 SqFT of office space has been newly renovated in October of 2017. This light industrial building is being used for Warehouse/ Office space with some manufacturing. Just wrapped up the first year of a 5 year lease with excellent tenants. Buyer pays property tax, some small maintenance and insurance. The remaining is collected in the lease with an established Akron area business. This is a great opportunity for a 1031 Exchange needing to park their money quickly. With over 22,000 SqFT of space, this investment provides an impressive 10.2 Cap Rate with out any significant forthcoming maintenance expenses for several years. This opportunity has updated plumbing and new Electric w/ updated panels, new back warehouse roof and 15 years left on the office roof. (Ask your agent about the additional land that could be available as well.) Put your investment money to work and own an impressive piece of commercial Real Estate!
    Exterior Features

    Dock Door Max Height 10 Drive In Door Max Height 12 Freight Amenities Dock Leveler & SealOverhead CraneOverhead DoorsTruck/Dock(S) Loadin Location DowntownIndustrial Park Lot Dimensions 163X369 Lot Size Depth 369 Lot Size Frontage 163 Parking On Site/PrivateOutdoor Parking Spaces 15 Roof Metal Total Dock Doors 1 Total Drive In Doors 1

    Interior Features

    Basement Detail None Ceiling Height 10 Ceiling Height Max 10 Cooling Type Central Air Heating Fuel Gas Heating Type Forced Air Industrial Sq Ft 17592 Miscellaneous Features Fire Sprinkler SysteLocker/Shower RoomLunchroomMeeting/Conf. RoomPrivate RestroomPublic RestroomSecurity Lighting Office Sq Ft 4500

    Property Features

    Annual Taxes 8227 Assessments Yes Association Medina County Board Of Realtorsã‚® Auction No Available Financing CashConventional Basement No Commercial Type Industrial Cost Per Month Cost Per Month 1269 Cost Per Sq Ft 17 Gross Rent 4500 Gross Rent Total 4500 Homestead Exemption No Industrial Type Mfg Light Lot Size Source Realist Natural Resource Rights None Net Income 38773.00 Occupant Type Tenant Ownership Principal/Nr Short Sale No Sq Ft Source Owner Tenant Pays Pays All Terms Conditions Building+ Land Total Annual Expense 15227 Township Akron City Transaction Type For Sale Water Sewer Public WaterPublic Sewer Year Built Exception Actual Ybt

    Listing information © 2019 NEOTHREX Multiple Listing Service.
    Listing provided courtesy of Keller Williams Tri-County Pro.
    Listing information © 2019 NEOHREX Multiple Listing Service. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of NEOHREX. Real estate listings held by brokerage firms other than RE/MAX Trends Realty 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 2019-03-23T18:07:17.857.
     
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    Listing courtesy of Keller Williams Tri-County Pro.
    Listing information © 2017 NEOHREX MLS.