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2128 Tanglewood AVE Alliance, OH 44601
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Key Details
Sold Price $1,385,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Alliance
MLS Listing ID 5127417
Sold Date 08/12/25
HOA Y/N No
Year Built 1983
Annual Tax Amount $7,256
Tax Year 2024
Lot Size 0.427 Acres
Acres 0.4268
Property Sub-Type Apartment
Property Description
These are all 2-bedroom, 1 bath units in this brick 1983 recently remodeled building. There are currently 2 vacant units that are now ready to be leased. Current NOI on the 14 occupied units is $105,324.00. Filling the 2 vacant units takes NOI to $131,892.00. Average rents are currently $814/mo. Great opportunity to raise rents. Apartment is 6 minutes from Mount Union College.
Turnkey units, recommendation would be to start by raising rents to $925 per door which is a small increase but would raise your cap rate to 8.5% with long term opportunity to drive much higher cash flows. Proximity to campus provides easy access to rental base.
Location
State OH
County Stark
Interior
Heating Baseboard
Fireplace No
Exterior
Water Access Desc Public
Roof Type Asphalt
Present Use Investment
Total Parking Spaces 20
Building
Builder Name Tanglewood
Sewer Public Sewer
Water Public
Schools
School District Marlington Lsd - 7608
Others
Tax ID 07700261
Financing Conventional
Special Listing Condition Standard
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Bought with Treva P Ziemke • Tanner Real Estate Co.