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2 - 10 Exchange Park Drive

Broker:Morgan Faunce or Sam Tecca - Gerspacher Real Estate Group
Property Type:Multi-Family, Investment
Address:2 - 10 Exchange Park Drive
Medina, OH 44256
Sale / Lease:Sale
Square Feet Available:7,310 sq. ft.
Size of Site:1.96 acres
Document: 2-10 Exchange Park Drive Brochure 03.10.21.pdf

Property Description:  This investment property at 2 thru 10 Exchange Park Drive features nine individual, completely vacant cottage style, one to four bedroom homes, on 1.96 acres. The single story home units are 450 SF, 480 SF, 696 SF, 840 SF and 2,160 SF, for a total of 7,310 SF,  Units are in various stages of rehabilitation. Seven units have updated HVAC, electrical and plumbing. Three units have new roofs and 75% have new windows. The City has approved the retrofitting of the large 2,160 SF home at the rear of the property as a duplex. Each building is separately metered for gas and electric. Previous owners paid for water/trash, sewer, taxes, insurance, and snow plowing. There is parking across the drive and just west of each unit.

Location Description:  This property is located at 2-10 Exchange Park Drive in the City of Medina, Medina County, and Northeast Ohio.  It is five blocks southwest of the Historic Medina Square and just east of the Medina County Fairgrounds. The property is four miles west of the I-71 SR 18 interchange.  This location is within easy walking distance of downtown and the Medina industrial park that is in need of employees.

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