Barbershop/Salon Multi Family | 2245 Cherry Ave
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Barbershop/Salon Multi Family 2245 Cherry Ave
3 Unit Apartment Building $150,000 ($50,000/Unit) Alliance, OH 44601
Investment Highlights
- Great Location for Barbershop/Salon. Existing fixtures.
- 2 residential tenants already secured and long term
Executive Summary
LOCATION, LOCATION, LOCATION. Walking distance to MT Union University. Barbers and Stylists. Great opportunity to own your own Barbershop/Salon and have tenants pay your mortgage. A 3 chair Salon/Barbershop already set up and ready for business plus a one bedroom apartment and a studio apartment both with long term tenants on a 1 year lease current income at $1075.00 per month. Maintenance free ownership! Updates include NEW Roof, NEW Windows, New Furnace, NEW Doors.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$1,075
|
$0.71
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,075
|
$0.71
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $1,075 |
| Annual Per SF | $0.71 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $1,075 |
| Annual Per SF | $0.71 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $150,000 | Property Subtype | Apartment |
| Price Per Unit | $50,000 | Building Size | 1,505 SF |
| Sale Type | Investment | Average Occupancy | 67% |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1920/2024 |
| Price | $150,000 |
| Price Per Unit | $50,000 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Size | 1,505 SF |
| Average Occupancy | 67% |
| No. Stories | 1 |
| Year Built/Renovated | 1920/2024 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $475.00 | - |
| 1+1 | 1 | $600.00 | - |
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Walk Score ®
Very Walkable (71)
zoning
| Zoning Code | mixed use |
| mixed use |
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Barbershop/Salon Multi Family | 2245 Cherry Ave
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