Property
Beds
4
Full Baths
2
1/2 Baths
None
Year Built
1967
Sq.Footage
1,800
Rare opportunity to own 5 multi-family homes right in a row on Hudson Dr in Stow. There are a total of 10 doors, each is a 2 bed 1 bath home with garages, these are all the same. Renters pay all utilities outside of trash pickup. Total monthly income is $6,965. Capital improvements include 3 new garage roof's in 2017, the other two were done between 2010-2011. Two new home roofs were done in 2011 the other 3 were completed in year 2000. All units have air conditioning, two were replaced in 2017. All kitchens have been updated in the past 18 years, some are much newer. These units will all be sold as a package and some have very long term tenants. NOI $60,871 selling at a CAP rate of 8.25%. Rents run from $540-$750 per month, nice opportunity to push rents to $750 or even more across the board.
Features & Amenities
Interior
-
Total Bedrooms
4
-
Bathrooms
2
Area & Lot
-
Lot Size(acres)
0.2847
-
Property Type
Residential Income
Exterior
-
Garage
Yes
-
Garage spaces
2
-
Construction Materials
Aluminum Siding
-
Parking
Detached, Garage, Paved
Financial
-
Sales Price
$737,500
-
Tax Amount
19778.0
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Location
County
Summit
Elementary School
Stow-Munroe Falls CS - 7714
Middle School
High School
Listing Courtesy of Brad A Miklovich , Keller Williams Chervenic Rlty
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