Auction - Hill Chateau Apartments | 95% Occ. | 26 E Tallmadge Ave
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Auction - Hill Chateau Apartments | 95% Occ. 26 E Tallmadge Ave Immeuble residentiel 60 lots 605 710 € (10 095 €/Lot) Akron, OH 44310
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- STARTING BID $700,000 | Hill Chateau Apartments | 60 Units | 95% Occupied | AUCTION JULY 14-16, 2025
- Substantial Recent Capital Improvements – 10 of 14 Plumbing Stacks Completely Replaced, New Windows for Majority of Units, New Central Boiler, and Man
- 2 Miles from Three Major Hospital Systems – Summa Health System (8,000 employees), Akron Children’s Hospital (5,200 employees), and Akron General (4,5
- 95% Leased, 60-Unit Multifamily Property Less than 2.5 Miles from the University of Akron and Downtown
- Unit Mix of (12) Studios, (19) 1-Bedrooms, (21) 2-Bedrooms, (7) 3-Bedrooms, and (1) 4-Bedroom
RÉSUMÉ ANALYTIQUE
Marcus & Millichap is pleased to present Hill Chateau Apartments, a 60-unit community located at 26 E Tallmadge Avenue in Akron, Ohio (the “Property” “Offering”). The Property presents investors an excellent opportunity to acquire a well-located apartment building with historically high occupancy.
Hill Chateau, built in 1920, sits on a 0.95-acre site and consists of a five-story building with 60 units averaging 641 square feet. The current owner has invested over $1,100,000 in capital improvements, including replacement of 10 out of 14 plumbing stacks, installation of new windows in most units, a new central boiler, and multiple unit upgrades. With current rents averaging $100 below market, there is a clear opportunity to drive value through further renovations. Currently 95% occupied, Hill Chateau presents a significant value-add opportunity with in-place rents on non-renovated units averaging $704 and renovated units achieving market rents of approximately $793.
Akron, Ohio, located in the northeastern part of the state just 40 miles south of Cleveland, historically has been an industrial city that is evolving into a diversified economic hub. Once known as the "Rubber Capital of the World," Akron has transitioned from its legacy manufacturing base to a modern economy driven by healthcare, education, advanced manufacturing, polymers, and logistics. Home to the University of Akron and several major healthcare systems, the city offers a skilled labor force and a steady base of institutional and medical demand. The Property is located 2 miles from three major hospital systems – Summa Health System (8,000 employees), Akron Children’s Hospital (5,200 employees), and Akron General (4,500 employees). The University of Akron, with enrollment of nearly 15,000 students and over 1,500 employees, is 2.5 miles away. The Property has a population of ±237,686 residents within a 5-mile radius and an average household income of ±$63,955.
Hill Chateau, built in 1920, sits on a 0.95-acre site and consists of a five-story building with 60 units averaging 641 square feet. The current owner has invested over $1,100,000 in capital improvements, including replacement of 10 out of 14 plumbing stacks, installation of new windows in most units, a new central boiler, and multiple unit upgrades. With current rents averaging $100 below market, there is a clear opportunity to drive value through further renovations. Currently 95% occupied, Hill Chateau presents a significant value-add opportunity with in-place rents on non-renovated units averaging $704 and renovated units achieving market rents of approximately $793.
Akron, Ohio, located in the northeastern part of the state just 40 miles south of Cleveland, historically has been an industrial city that is evolving into a diversified economic hub. Once known as the "Rubber Capital of the World," Akron has transitioned from its legacy manufacturing base to a modern economy driven by healthcare, education, advanced manufacturing, polymers, and logistics. Home to the University of Akron and several major healthcare systems, the city offers a skilled labor force and a steady base of institutional and medical demand. The Property is located 2 miles from three major hospital systems – Summa Health System (8,000 employees), Akron Children’s Hospital (5,200 employees), and Akron General (4,500 employees). The University of Akron, with enrollment of nearly 15,000 students and over 1,500 employees, is 2.5 miles away. The Property has a population of ±237,686 residents within a 5-mile radius and an average household income of ±$63,955.
INFORMATIONS SUR L’IMMEUBLE
| Prix | 605 710 € | Surface du lot | 0,38 ha |
| Prix par lot | 10 095 € | Surface de l’immeuble | 7 726 m² |
| Type de vente | Investissement | Occupation moyenne | 95% |
| Nb de lots | 60 | Nb d’étages | 5 |
| Type de bien | Immeuble residentiel | Année de construction | 1920 |
| Sous-type de bien | Appartement | Ratio de stationnement | 0,1/1 000 m² |
| Style d’appartement | De hauteur moyenne | Zone de développement économique [USA] |
Oui
|
| Classe d’immeuble | C |
| Prix | 605 710 € |
| Prix par lot | 10 095 € |
| Type de vente | Investissement |
| Nb de lots | 60 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De hauteur moyenne |
| Classe d’immeuble | C |
| Surface du lot | 0,38 ha |
| Surface de l’immeuble | 7 726 m² |
| Occupation moyenne | 95% |
| Nb d’étages | 5 |
| Année de construction | 1920 |
| Ratio de stationnement | 0,1/1 000 m² |
| Zone de développement économique [USA] |
Oui |
CARACTÉRISTIQUES
CARACTÉRISTIQUES DU LOT
- Climatisation
- Prêt pour le câble
- Cheminée
- Chauffage
- Cuisine
- Plafond voûté
- Réfrigérateur
- Four
CARACTÉRISTIQUES DU SITE
- Laverie
- Aire de jeux
- Property Manager sur place
- Entretien sur site
LOT INFORMATIONS SUR LA COMBINAISON
| DESCRIPTION | NB DE LOTS | MOY. LOYER/MOIS | m² |
|---|---|---|---|
| Studios | 5 | - | 23 - 26 |
| 1+1 | 20 | - | 47 |
| 2+1 | 34 | - | 70 |
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Walk Score®
Très praticable à pied (75)
TAXES FONCIÈRES
| Numéro de parcelle | 67-58954 | Évaluation des aménagements | 298 306 € |
| Évaluation du terrain | 22 657 € | Évaluation totale | 320 963 € |
TAXES FONCIÈRES
Numéro de parcelle
67-58954
Évaluation du terrain
22 657 €
Évaluation des aménagements
298 306 €
Évaluation totale
320 963 €
CONTACTS
-
Adam Sklaver -
Charles Gagliano -
Philip Kates -
Kyle Hynes -
Michael Glass -
Marcus & Millichap
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Auction - Hill Chateau Apartments | 95% Occ. | 26 E Tallmadge Ave
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