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Updated over 8 years ago on . Most recent reply

Joseph Morris's profile image
Joseph Morris's profile image
Joseph Morris
  • from Pasadena, Texas
  • Member since May 14, 2016
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11
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2
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Joseph Morris's profile image
Joseph Morris's profile image
Joseph Morris
  • from Pasadena, Texas
  • Member since May 14, 2016
Connect
Joseph Morris
  • Pasadena, TX
2
Votes |
11
Posts
Multi-Family and Apartment Investing

CAP rate in Wayne County, Ohio?

Joseph Morris
  • Pasadena, TX
Posted
Does anyone (brokers/otherwise) have any experience with commercial multifamily (5+ units) in Wayne County? Specifically, what seems to be the going CAP rate for the area? The property we are considering is in NE Wayne County; it is ~20-30 minutes SW of Akron, and about 50-60 minutes South of Cleveland. It's a 'nice/safe' area, but it's a small town with no real population/employment growth to speak of. Early 2000's construction. Any thoughts are greatly appreciated...
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