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2080, 2090 Tanglewood Ave

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Address: 2090 Tanglewood Ave, Alliance, OH 44601, USA

Chicago & Midwest + Apartment Buildings

Created date: August 30, 2024

Date last updated: August 30, 2024

6,664 SF & 3120 SF multifamily/garden buildings
12 spacious, well-appointed units
All units are 2bd 1 bath and approx 720 SF
100% occupancy
Long term tenants all on month to month leases
Units are currently leased $200-$300 dollars below market rent
Potential for modern updates and value add enhancement
New owner can immediately increase NOI by:
bringing rents to market
charging tenants flat monthly rate for water
charging pet fees
Roof replace on both buildings in 2021
Parking lot paved in 2021

Property Description

Coldwell Banker Commercial Aspire Realty Services is pleased to present this 12 unit garden-style multifamily property for sale. Situated on .79 acres, the property is ideally located in the vibrant Stark County area, offering potential for modern updates and value add enhancement. With strong rental potential for sustained income, the property offers immediate upside potential by stabilizing below market rents. Each unit has a kitchen equipped with refrigerator, microwave, and gas stove. The property is heated through a forced air electric system and cooled by individual wall air conditioning units that are provided in each unit. This prime opportunity for multifamily investment is perfectly positioned to captivate the attention of savvy high-rise investors looking to make a strategic addition to their portfolio.

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$1,100,000
No. of Units:	12
Year Built:	1976
Lot Size:	0.40 Sq ft
Opportunity Zone:	No
Price per unit:	$91,667
Property Website	Click Here