4347 Stow RD new Save Request In-Person Tour Request Virtual Tour
Stow,OH 44224
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Echo Hills Colony Condo
MLS Listing ID 5123112
HOA Y/N No
Year Built 1987
Annual Tax Amount $19,897
Tax Year 2024
Lot Size 1.000 Acres
Acres 1.0
Property Sub-Type Other
Property Description
Rare Condo Package Opportunity – Echo Hills Colony Condos, Stow, OH
Incredible investment opportunity to acquire 8 of 10 established condo units in the desirable Echo Hills Colony Condos, located in Stow, OH.
These units are part of 5 side-by-side duplex buildings, each side deeded as an individual condo unit with its own parcel number. All HOA documents are fully set up and established, providing a smooth and organized transition for the new buyer.
All buildings feature new roofs (2024) and have been extensively maintained, including recent plumbing, appliance, and system updates, ensuring minimal deferred maintenance.
The package includes:
4 Three-Bedroom, 2.5-Bath Units
4 Two-Bedroom, Two-Bath Units
Projected rents AS-IS are $1,440 for the 3-bedroom units and $1,175 for the 2-bedroom units, offering a proforma gross annual rent of $125,520.
With projected expenses including taxes, insurance, trash, capital reserves, general maintenance, and vacancy, the anticipated net operating income is $80,972, delivering a proforma cap rate of 8.1%.
Priced at just $125,000 per unit, this is an incredible value compared to area comps. The remaining **2 units are available separately with a negotiable right of first refusal, giving investors the option to control the entire complex.
This is a rare chance to own a stabilized, easy-to-operate condo package with strong rental demand, solid cash flow, and long-term flexibility.
Location
State OH
County Summit
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Parking Features Additional Parking,Attached,Driveway,Garage,Private
Water Access Desc Public
Total Parking Spaces 36
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Stow-Munroe Falls Cs - 7714
Others
Tax ID 5612127
Acceptable Financing Cash,Conventional,1031 Exchange
Listing Terms Cash,Conventional,1031 Exchange
Special Listing Condition Standard