331 West Washington Street, Medina, Ohio 44256

Description

331 West Washington Street in Medina, Ohio is 6,072 SF, 6 units that are 83% occupied, apartment complex for sale. There are 6-2 bedrooms and 1 bathroom units. Each unit has an individual carport, storage closets, a balcony, laundry room and a dishwasher Tenants pay electric (no gas), landlord pays water, sewer and trash. There are 12 parking spaces. The annual taxes are $7,752. The Annual Gross Income is $45,000, 2018 NOI was $23,694 and the Cap Rate is 6.09%.

Property Location is on West Washington Street and South Vine Street. 1/4 mile from Medina Histotical Square

Additional Info

Within City Limits:
Yes
Ceiling Clear:
Construction Type:
Distance from Nearest Interstate:
Former Use:
Primary Building Type:
Zoning:
R3

Property Location

Specifications

Status:
For Sale
Sale Price:
$ 389,000
Property Type:
Investment
Sq. Feet:
6,072
Acreage:
0.31
City:
Medina
Corner Property:
No
  • Morgan Faunce

    Morgan Faunce
    Real Estate Agent & Consultant
    Morgan@GerspacherGroup.com
    Office: 
    330.722.5002
    Mobile: 
    330.241.9309
    Fax: 
    330.723.6330

    Morgan Faunce grew up in the Lake Erie shore area before graduating from Bowling Green State University and moving to Medina. A career in sales, leasing, and property management led him to obtain his real estate sales license in 2007. In 2008, Morgan joined the Gerspacher Real Estate Group as both a real estate agent and property management specialist. He currently manages multiple commercial properties, as well as being one of the firm’s leading agents.

    Education

    • B.S./B.A. Bowling Green State University, Bowling Green OH
    • Candidate Member of the CCIM Institute
    • Pursuing CCIM Designation

    Affiliations

    • Greater Medina Chamber of Commerce
    • Northern Medina County Chamber of Commerce
    • Wadsworth Area Chamber of Commerce
    • Leadership Medina County Graduate
    • Highland Schools Athletic Boosters
    • Highland Schools Band Boosters

     

    http://www.linkedin.com/pub/morgan-faunce/12/478/79a
    https://twitter.com/morganfaunce1
  • Sam Tecca

    Sam Tecca
    Real Estate Agent & Consultant
    sam@gerspachergroup.com
    Office: 
    330.722.5002

    Sam Tecca grew up and currently resides in the Tallmadge area.  He attended Archbishop Hoban High School in Akron and graduated in 2013. He obtained a bachelor’s degree in Business Administration with areas of focus in Business Analytics and Management Information Systems from Ohio University in 2017.  During school Sam completed two internships with Fidelity Investments and Vitamix.  In addition, he finished his real estate courses throughout college and has always had a passion for commercial real estate.  

    Education

    • B.B.A Ohio University Athens, Ohio
    • Ohio Real Estate Courses - Ohio University Athens, Ohio

    Affiliations

    • Archbishop Hoban Alumni
    https://www.linkedin.com/in/samtecca/