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

Thursday, March 02, 2006

Commercial Investment Updates ** Both SOLD & AVAILABLE

SOLD ~~ 396 Total Units - In 4 Buildings purchased from CMI & GMS Management in Canton was finalized and remodeling is underway.

AVAILABLE ** 167 North Portage Path (6-units) has been listed by Pappas Realty Co. Contact Sean Dreznin for more information.

AVAILABLE ** Cedarwood village is currently available for $24,750,000 which equates to $52,000 per unit. The property consists of 476-units.

AVAILABLE ** Sean Dreznin has a confidential listing available to principals only, that is located in a highly desired area, and priced reasonably in today's market. Please contact Sean directly at 330.858.3145 if you would like more information. Please note you will need to fill out a confidentiality form, a registration form & provide financial details about yourself or your company to qualify to pursue the opportunity. (As requested by the owners).
The opportunity consists of approx. 150+ units.

SOLD ~~ 70-102 Dartmore -- consisting of 32 units sold approx Dec 12th, 2005 for $450,000, or $14,062 per unit.

SOLD ~~ 1542 Front St -- Consisting of 10-units, sold in 2005 for $480,000


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