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1321-1327 S Water St

4 Unit Apartment Building $700,000 ($175,000/Unit) 5.43% Cap Rate Kent, OH 44240

Apartment Buildings Ohio Kent 1321-1327 S Water St, Kent, OH 44240

Investment Highlights

  • Less than a mile from Kent State University.
  • Excellent visibility with frontage on State Route 43.

Executive Summary

100% occupied. CAP Rate is an estimate.

Property Facts

Price $700,000 Apartment Style Low Rise
Price Per Unit $175,000 Building Class C
Sale Type Investment Lot Size 0.59 AC
Cap Rate 5.43% Building Size 9,120 SF
No. Units 4 No. Stories 2
Property Type Multifamily Year Built 2002
Property Subtype Apartment Parking Ratio 1.64/1,000 SF
Price $700,000
Price Per Unit $175,000
Sale Type Investment
Cap Rate 5.43%
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.59 AC
Building Size 9,120 SF
No. Stories 2
Year Built 2002
Parking Ratio 1.64/1,000 SF

About 1321-1327 S Water St , Kent, OH 44240

Built in 2002, this 9,120 square foot office live/work unit building features 15 surface parking spaces and frontage on S Water Street. The parking lot was repaved this year. This property also includes two residential units located in a separate building behind this building. A new roof will be installed this summer.

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Walk Score®
Very Walkable (75)
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PROPERTY TAXES

Parcel Number 17-006-11-00-010-000 Improvements Assessment $74,170
Land Assessment $26,460 Total Assessment $100,630

PROPERTY TAXES

Parcel Number
17-006-11-00-010-000
Land Assessment
$26,460
Improvements Assessment
$74,170
Total Assessment
$100,630

zoning

Zoning Code Commercial
Commercial
(330) 867-4548

Contact

  • Frank Arthur
    Frank Arthur
  • Frank Arthur

  • Listing ID: 13058834

  • Date on Market: 7/3/2018

  • Last Updated:

  • Address: 1321-1327 S Water St, Kent, OH 44240

More public record information on 1321-1327 S Water St, Kent, OH 44240

The Kent Multifamily Property at 1321-1327 S Water St, Kent, OH 44240 is currently available. Contact Frank Arthur for more information.

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1321-1327 S Water St
(330) 867-4548 x

1321-1327 S Water St

Frank Arthur

(330) 867-4548

(330) 867-4548

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