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Listed price in listed location currency (USD).
$1,385,000
$1,600,000

0020

MLS® 5127417

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $7,256
Approx. Age 1983
MLS® Number 5127417

Property Address: 2128 Tanglewood Ave, Alliance, OH, 44601-4488

Average square foot calculated using Size range provided by listing agent.

Description

These are all 2-bedroom, 1 bath units in this brick 1983 recently remodeled building. There are currently 2 vacant units that are now ready to be leased. Current NOI on the 14 occupied units is $105, 324.00. Filling the 2 vacant units takes NOI to $131, 892.00. Average rents are currently $814/mo. Great opportunity to raise rents. Apartment is 6 minutes from Mount Union College. Turnkey units, recommendation would be to start by raising rents to $925 per door which is a small increase but would raise your cap rate to 8.5% with long term opportunity to drive much higher cash flows. Proximity to campus provides easy access to rental base.
MLS® Number5127417
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1983
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

Jun 19, 2025End Date
$1,385,000Sold Price

Sold

Jun 6, 2025List Date
$1,600,000List Price
  • Commute

Commute

Starting Address
Destination Address
2128 Tanglewood Ave, Alliance, OH

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