143 Durling DriveWadsworth, OH 44281

Description

Very desirable scattered site portfolio consisting of 158 rental units under 41 buildings along with three vacant lots. Located throughout the greater suburban Summit County area including Portage Lakes, Ellet, Lakemore, Akron and into Wadsworth in Medina County, this impressive portfolio encompasses an array of styles, is attractive to many different renters and stays consistently occupied. Gross rents total $1,378,404. Annual expenses are approximately $635,596. Vacancy rate approximately 4%. Housing includes: a private island peninsula, 42-unit building, 22-unit community, 16-unit building, 12-unit building, 9-unit community, 7-unit block, 7 single family homes, 1 quintuplex, 3 quadplexes and 13 duplexes/ twinplexes. These properties are located in pockets of highly sought- after neighborhoods with established high revenue and very low vacancy rates. There are many garage spaces (not used iby the Tenants) and various coin- operated laundry machines as added ancillary income. This portfolio generates immediate cash flow and has a long term upside compelling private investors, corporate groups, commercial real estate holdings and individual investors into an impressive acquisition with a single transaction. 86 of the units are 2bd, 65 are 1bd, 6 are 3bd and one is a studio . Additional parcel numbers: 6703228, 6723671, 6733288, 6733289, 6742140, 6742141, 6726936, 6761197, 6762834, 6800459, 6828011, 6854980, 6824202, 6835384, 6809851, 6809854, 6839061, 6838852, 6842468, 6819826, 6801160, 1906872, 1904742, 2200101, 2200805, 1901895, 1901894, 1901895, 1901898, 19006041, 5109925, 5400854, 5402242, 5400856, 5400546, 5401998. Financials available upon request with a signed NDA. Buyer to verify all information. contained herein.

Property Information

Property type

Commercial Sale

Sub-type

Apartment

Year built

1950

Building area

124,000 Sq Ft

Lot size

15.00 acres

Days on market

27

MLS^® Listing#

5243114

Property Features

Cooling

None

Heating

Natural Gas · Electric · Forced Air · Radiant

Basement

Full · None · Partial

Parking

Additional Parking · Asphalt · Common · Concrete · Covered · Direct Access · Detached · Garage · Gravel · On Site · Off Street · Outside · Shared Driveway · Unpaved

Laundry

Common Area

Patio

Patio

Lot features

Waterfront

Roof

Asphalt · Fiberglass

Community

Lake

Sewer

Public Sewer · Septic Tank

Water source

Well · Public

Financial Details

Annual taxes

$151,408Tax year 2025

Parcel number

040-20D-04-239

Directions

Scattered site. Locations include zip codes: 44301, 44314, 44306, 44319, 44312, 44250 and 44281