Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1971
Sq.Footage
N/A
Turn Key investment opportunity. Shannon Terrace Apartments is a 60 unit Apartment complex containing 30 large 1 Bedroom units and 30 large 2 bedroom units. Every unit is equipped with a gas stove, fridge, dishwasher and wall AC unit. This property has been professionally managed and maintained for the past 11 years with the same owner. 3 Building are separated into 5 pods each containing 12 apartments. Each pod is structured with 3 levels, each level having 4 apartments. Each pod has 2 laundry rooms and a mechanical room. Each pod has its own boiler for hot water heat and its own hot water tank. All buildings have new shingles on the roofs done within the last 5 years. 2 of 5 newer boilers and 3 of 5 newer hot water tanks. 2/3 of the windows have been replaced in the last 2 years. the major ingress/egress lanes were resurfaced last year. Gas Lease with the property will transfer to the new owner. Current management (Same for last 11 years) would continue if needed.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Wall Unit(s)
-
Heating YN
YES
-
Heating
Natural Gas, Hot Water, Steam
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
Assigned, Covered, On Site, Paved
-
Pool
No
Area & Lot
-
Lot Size(acres)
2.8428
-
Property Type
Commercial Sale
-
Property Sub Type
Apartment
Price
-
Sales Price
$1,800,000
-
Tax Amount
$30,064
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Girard CSD - 7807
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Trumbull
Elementary School
Girard CSD - 7807
Middle School
High School
Listing Courtesy of Paul H Sherman , Town One Realty
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AGENT
Tami Reiss
Call Tami today to schedule a private showing.
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