Pappas Realty Co... "Commercial Real Estate...Exclusively" in Northeast Ohio since 1957

Friday, March 31, 2006

Chartwell Group Auction Results on Akron Apartment Buildings

1683, 1695 & 1709 Dominion - 18 total units - high & final bid $505,000
Per Unit Value of Sale - $28,055

1721-1731 & 1733 Cromwell Dr - 10 total units - high & final bid $390,000
This property consists of all 2-bedroom units, townhouse style, with direct access garages & separate utilities.
Per Unit Value of Sale - $39,000

1326-1342 Thurston Street - 8 total units (4 duplexes) - high & final bid $259,000
Per Unit Value of Sale - $32,375

1325-1341 Thurston Street - 8 total units (4 duplexes) - high & final bid $170,000
Per Unit Value of Sale - $21,250

1352-1362 Thurston Street - 6 total units (3 duplexes) - high & final bid $130,000
Per Unit Value of Sale - $21,667

1351-1361 Thurston Street - 6 total units (3 duplexes) - high & final bid $139,000
Per Unit Value of Sale - $23,167

1238-1240 Seward Avenue - 2-units (single duplex) - high & final bid $48,000
Per Unit Value of Sale - $24,000

Minimal Turnout with only about 1/10 of audience actually bidding on properties... 5 bidding parties out of 50 people. (regarding apartments)

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