426 OakwoodWadsworth, OH 44281

426 OakwoodWadsworth, OH 44281

1/23 Virtual Tour Fullscreen
$1,000,000 Pending
Commercial - Business MLS 5201158 Pending

Listed By

Agency Name: RE/MAX Market Solutions
Agency Contact: kellywiseproperties@gmail.com, 330-907-4100

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Rare opportunity to own this well-maintained 10 unit apartment building in Wadsworth! This attractive property features a desirable unit mix of six 2 bedroom and four 1 bedroom units. Each apartment offers a functional open floor plan with a fully applianced kitchen, providing comfortable and efficient living spaces. The 2 bedroom units include convenient in suite laundry rooms with washers and dryers, while several 1 bedroom units are equipped with ventless washer/dryer combos. The property has many newer mechanicals already in place. Consistently low vacancy and a strong rental history make this a reliable investment. Tucked away on a charming residential street, the building also offers ample off street parking for tenants. Residents pay all utilities except trash, helping to keep operating costs low. With rents currently below market, this property presents a compelling value add opportunity with significant upside potential. Please do not disturb tenants

426 Oakwood | MLS# 5201158

This commercial property located at 426 Oakwood, Wadsworth, OH 44281 is currently listed for sale with an asking price of $1,000,000. Oakwood is located within the Wadsworth City school district. Search Wadsworth real estate on 1009fairoaksavenuesw.cutlerhomes.com today.

Property Features

Property Type: Commercial - Business
Basement: None
Cooling: Central Air
Days on Market: 7
Heating: Electric
Lot Size: 1.20 Acres
Taxes: $15,459 / year
Year Built: 2000

Feature Descriptions

Parcel#: 040-20D-08-254
Parking: Asphalt, Off Street
Sewer: Public Sewer
Water: Public

Local Schools

School District: Wadsworth City

Demographics

Medina County Demographic Information for 426 Oakwood, Wadsworth, OH 44281
Fips
Fips Code 39103
Population
2020 to 2025 Change up 1.4%
2010 Count 172,332
2020 Count 182,470
2025 Estimate (V2025) 185,025
2020 Estimate (V2025) 182,475
Age Distribution (Years Old)
0 to 4 4.9%
5 to 17 20.7%
18 to 64 53.1%
65 and Older 21.3%
Gender
Male 49.7%
Female 50.3%
Place of Birth
Foreign 3.3%
US 96.7%
Education
High School Graduate, Age 25+ 94.3%
Bachelor's Degree or Higher, Age 25+ 36.2%
Computer and Internet use
Households with a computer 96.2%
Households with a broadband Internet subscription 92.9%
Language
English is Second Language, Age 5+ 4.4%
English is First Language, Age 5+ 95.6%
Veterans
Veterans 9,966
Income
Per Capita Income $47,889
Median Household Income $94,968
People in Poverty 6.1%
Commute
Average Work Commute Time 27 minutes
Housing
Total Housing Units 76,088
Households 73,086
Average Household Size 2.49
Owner-Occupied 80.3%
Multi-Family 15.2%
Owner-Occupied Median Value $287,000
Median selected monthly owner costs -with a mortgage $1,726
Median selected monthly owner costs -without a mortgage $650
Median gross rent $1,143
Building Permits
New Private Housing Issued 2024 471
Years at Residence
1 Year or More 92.4%
Less Than 1 Year 7.6%
Business and Employment
Private non-farm Establishments 4,127
Private non-farm Employment 57,518
Private non-farm Employment Growth down 0.2%
Nonemployer Establishments 15,596
Number of Firms 3,454
Business Production
Value of Shipments $3,161,914,000
Wholesale Trade $2,460,698,000
Retail Trade $3,119,464,000
Retail Sales Per Capita $15,266
Accommodation and Food Services $276,209,000
Land
Land Area 421.36 sq. miles
Population Per Square Mile 409

Source: US Census Bureau