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Orwell Village Apartments 185 E Main St

60 Unit Apartment Building $4,977,000 CAD ($82,950 CAD/Unit) 7.08% Cap Rate Orwell, OH 44076

Apartment Buildings Ohio Orwell 185 E Main St, Orwell, OH 44076

Investment Highlights

  • Owned and self-managed by local investor for 24+ years
  • Recent capital expenditures include entire parking lot, electrical panels for each unit, minor renovations and more
  • Additional revenue streams with on-site laundry, parking, and garages
  • Diverse mix of studio, 1 bedroom, 2 bedroom, and 3 bedroom unit
  • Offering 5+ acres for future development
  • Offered free and clear or with an attractive assumable loan

Executive Summary

Broker of Record
Matt Wallace
License No. REC.2022007141 (OH)

Property Facts

Price $4,977,000 CAD Apartment Style Low Rise
Price Per Unit $82,950 CAD Building Class C
Sale Type Investment Lot Size 10.49 AC
Cap Rate 7.08% Building Size 47,295 SF
No. Units 60 No. Stories 2
Property Type Multifamily Year Built 1979
Property Subtype Apartment Parking Ratio 2.11/1,000 SF
Price $4,977,000 CAD
Price Per Unit $82,950 CAD
Sale Type Investment
Cap Rate 7.08%
No. Units 60
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 10.49 AC
Building Size 47,295 SF
No. Stories 2
Year Built 1979
Parking Ratio 2.11/1,000 SF

Unit Amenities

  • Dishwasher
  • Washer/Dryer
  • Heating
  • Kitchen
  • Refrigerator
  • Range

Site Amenities

  • Laundry Facilities

Links

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PROPERTY TAXES

Parcel Number 390131006400 Improvements Assessment $470,693 CAD
Land Assessment $53,573 CAD Total Assessment $524,267 CAD

PROPERTY TAXES

Parcel Number
390131006400
Land Assessment
$53,573 CAD
Improvements Assessment
$470,693 CAD
Total Assessment
$524,267 CAD
(216) 339-1618

Contacts

  • Listing ID: 33662499

  • Date on Market: 2024-10-28

  • Last Updated:

  • Address: 185 E Main St, Orwell, OH 44076

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Orwell Village Apartments | 185 E Main St
(216) 339-1618 x

Orwell Village Apartments | 185 E Main St

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Drew Cerny

(216) 339-1618

(216) 339-1618

Rob Goldberg

(216) 470-1464

(216) 470-1464

Jonah Yulish

(216) 503-3610

(216) 503-3610

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