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417 Bronson St
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417 Bronson St
MEDINA, OH 44256

417 Bronson St MEDINA, OH 44256 417 Bronson St MEDINA, OH 44256Get Directions ❯
$649,900

Property Description

Located in the heart of Downtown Medina's Historic Business District*Unique opportunity to acquire one of only a handful of Class-A+ tenants, trophy multifamily assets in a growing & dynamic area, offering residents a highly sought after walkable urban lifestyle* Earning a NOI of 40K. Cap Rate: 5.71%* 100% Leased Luxury Apartment Style homes w/private parking* Walk to shopping, restaurants, entertainment & other high-quality service offerings commanding extremely high level of desirability among area residents*Strong & affluent residential tenant base w/ 0 vacancies & 0 delinquencies at present & during the pandemic* Newly completed 3 unit Triplex (1 Penthouse Style, 1 Raised Ranch Style & 1 Ranch style - All attached & on 1 parcel) w/12 car parking lot & Brand New Att insulated 3 car garage* Turn Key makes this perfect for an investor looking for A HIGHLY stable & hassle-free investment.*Over 300K invested since 2019 includes a Massive addition of one brand new unit & the complete reconstruction of units 2 & 3 includes LG. Covered Trex Decking Bk porch w/ tempered glass panels* Given the recent revitalization, the asset allows for superior cash flows & efficiencies as there is NO deferred maintenance & new modern systems in place* Fully fenced bk yard w/cantilever gate, which abuts a 15.5-acre city pk w/trails, baseball diamonds & splash pad* One yr leases*Never a vacancy* Not subject to a 1031 exchange*Call listing agent/owner for list of major upgrades in the last 2 yrs!

  • Township City Of Medina
  • MLS ID 4323557
  • Property type: THRE
  • Status Active
  • Estimated Taxes $3,674

Additional Information

  • Owner's P & L
    Gross Annual Income: $46,344

    Vacancy Percentage:

    Net Operation Income: $0

    Estimate Annual Taxes: $3,674

    Aproximate Lot Size


    Status
     Active

  • Units Available: 3
    Unit # Bedrooms Full Baths Half Baths Rent
    1 3 3 $1900.00
    2 2 1 $967.00
    3 2 1 $995.00
NEOhRex MLS  Listing Courtesy of: Her Realtors
 

Last updated: 10/11/2021 5:35:50 AM

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