• 2979 Chenoweth Rd, Akron, OH 44312

For Sale

Office

For Sale

This property is available for sale
1.24
Acres
Negotiable
Sale Price
  • Year Built
    1972
  • Overview

    Delta 77 Apartments is an 80-unit, value-add investment opportunity. Built in 1972 and featuring floor plans as large as 740 SF. The property, located in Green, Ohio minutes between Akron and Canton with convenient access to the Akron-Canton Airport as well as I-77 and SR 619. With a very limited supply of apartment communities trading in the Akron area, Delta 77 Apartments, with its 1 and 2-bedroom floor plans and 168 parking spaces including garages and carports, offers investors a great acquisition opportunity in the desirable Green submarket.

    Existing Cash Flow with Opportunity for Value Add
    2 of 5 Buildings are Individual Utilities
    Recent Capital Expenditures to Units
    Tax Benefits - $705,000+/- in 1st Year Depreciation
    Easy access to I-77/Arlington Road Interchange
    Walmart Supercenter, Kohl's, Home Depot within walking distance
    Minutes from Downtown Akron or Canton
    Easy commute to major employment areas in Akron/Canton

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Property Details

80 Unit Value Add Multifamily Opportunity in Green, Ohio

Delta 77 Apartments is an 80-unit, value-add investment opportunity. Built in 1972 and featuring floor plans as large as 740 SF. The property, located in Green, Ohio minutes between Akron and Canton with convenient access to the Akron-Canton Airport as well as I-77 and SR 619. With a very limited supply of apartment communities trading in the Akron area, Delta 77 Apartments, with its 1 and 2-bedroom floor plans and 168 parking spaces including garages and carports, offers investors a great acquisition opportunity in the desirable Green submarket.

Existing Cash Flow with Opportunity for Value Add
2 of 5 Buildings are Individual Utilities
Recent Capital Expenditures to Units
Tax Benefits - $705,000+/- in 1st Year Depreciation
Easy access to I-77/Arlington Road Interchange
Walmart Supercenter, Kohl's, Home Depot within walking distance
Minutes from Downtown Akron or Canton
Easy commute to major employment areas in Akron/Canton

  • Property Type
    Office
  • Year Built
    1972
  • Total Acres
    1.24
  • Number of Floors
    2
  • Zoning
    Multifamily
  • Property ID
    2052098

Landlord's Sales Representatives

  • Gary Cooper
    Colliers | Cleveland
     
  • Matt Davis
    Colliers | Cleveland