Commercial Real Estate for Sale at 2128 Tanglewood Avenue in Alliance, OH for $1,600,000

Listing data last changed 6/6/2025
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2128 Tanglewood Avenue | Alliance

$1,600,000 | 0.0 Sq. Ft.

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.\r\nTurnkey 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. MLSNow 5127417

Directions to property: State Street to Tanglewood Avenue.

MLS Listing ID: 
MLSNow 5127417
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$1,600,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Apartment
Primary Market Area: 
Alliance
Address: 
2128 Tanglewood Avenue, Alliance, OH 44601
County: 
Stark
Latitude: 
40.8997110
Longitude: 
-81.1455960
Directions: 
State Street to Tanglewood Avenue.
Public Remarks: 
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.\r\nTurnkey 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.
Community Information
School District: 
Marlington LSD - 7608
Subdivision: 
Alliance
Building Details
Details about the building on a property.
Year Built: 
1983
Builder: 
Tanglewood
Living Area: 
0.0
Construction
Roof: 
Asphalt
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Baseboard
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.43
Lot Size (Area): 
0.43
Lot Features
Total Parking Spaces: 
20
Public Record
Parcel Number: 
07700261
Annual Tax: 
$7,256.00
Contract Details
Details about the listing contract.
Possession: 
Negotiable
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Brad A Miklovich
Listing Co-Agent Name: 
Julia Sitosky
Listing Office Name: 
Keller Williams Chervenic Rlty
Listing Co-Office Name: 
Keller Williams Chervenic Rlty

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