143 Durling DR, Wadsworth, OH 44281
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143 Durling DR, Wadsworth, OH 44281
143 Durling DR, Wadsworth, OH 44281
143 Durling DR, Wadsworth, OH 44281
143 Durling DR, Wadsworth, OH 44281
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Ray Griggy

Ray Griggy

+1(330) 518-6311
$ 11,980,000
Est. payment /mo
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143 Durling DR Wadsworth, OH 44281

15 Acres Lot

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID 5243114

HOA Y/N No

Year Built 1950

Annual Tax Amount $151,408

Tax Year 2025

Lot Size 15.000 Acres

Acres 15.0

Property Sub-Type Apartment

Property Description

Very desirable scattered site portfolio consisting of 158 rental units under 41 roofs along with three vacant lots. Located throughout the greater Akron area and into Wadsworth, 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. Currently there are 4 vacancies. 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 by 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, 1901898, 1906041, 5109925, 5400854, 5402242, 5400856, 5400546, 5401998. Financials available upon request with a signed NDA.

Location

State OH

County Medina

Community Lake

Rooms

Basement Full, None, Partial

Interior

Heating Electric, Forced Air, Gas, Radiant

Cooling None

Fireplace No

Laundry Coin-operated

Exterior

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

Community Features Lake

Water Access Desc Public,Well

Roof Type Asphalt,Fiberglass

Present Use Multi-Family,Residential,Single Family,See Remarks

Porch Patio

Building

Foundation Basement

Sewer Public Sewer, Septic Tank

Water Public, Well

Schools

School District Wadsworth Csd - 5207

Others

Tax ID 040-20D-04-239

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Lisa M Schmitt • Berkshire Hathaway HomeServices Stouffer Realty • schmitt67@hotmail.com, 330-606-9934
Ray Griggy
Ray Griggy

Agent License ID: sal.2017004064

+1(330) 518-6311 | ray.griggy@gmail.com

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143 Durling DR