Property Description

Solid value-add opportunity featuring (4) four 1-bedroom units. Current monthly income is $2,080, with clear upside as rents are adjusted toward market levels. At market rents, projected monthly income is approximately $3,000, offering immediate potential for increased cash flow and long-term return. Ideal for investors seeking stable income with built-in growth.

222 Overlook Drive | MLS# 5181569

This commercial property located at 222 Overlook Drive, Alliance, OH 44601 is currently listed for sale with an asking price of $260,000. Overlook Drive is located within the Alliance City school district. Search Alliance real estate on 15ontariotrail.cutlerhomes.com today.

Property Features

Property Type: Commercial - Business

Basement: Full

Basement: Yes

Cooling: Central Air

Days on Market: 1

Heating: Gas

Lot Size: 0.20 Acres

Taxes: $2,400 / year

Year Built: 1958

Feature Descriptions

Community Features: Laundry Facilities

Parcel#: 00107897

Parking: Carport

Sewer: Public Sewer

Units: 4

Water: Public

Local Schools

School District: Alliance City

Demographics

Stark County Demographic Information for 222 Overlook Drive, Alliance, OH 44601

Fips

Fips Code 39151

Population

2020 to 2023 Change down 0.6%

2010 Count 375,586

2020 Count 374,853

2023 Estimate (V2023) 372,716

2020 Estimate (V2023) 374,864

Age Distribution (Years Old)

0 to 4 5.3%

5 to 17 21.3%

18 to 64 52.7%

65 and Older 20.7%

Gender

Male 49.0%

Female 51.0%

Place of Birth

Foreign 2.2%

US 97.8%

Education

High School Graduate, Age 25+ 92.7%

Bachelor's Degree or Higher, Age 25+ 24.1%

Computer and Internet use

Households with a computer 92.4%

Households with a broadband Internet subscription 84.8%

Language

English is Second Language, Age 5+ 3.3%

English is First Language, Age 5+ 96.7%

Veterans

Veterans 21,951

Income

Per Capita Income $34,652

Median Household Income $63,130

People in Poverty 13.2%

Commute

Average Work Commute Time 22 minutes

Housing

Total Housing Units 167,998

Households 154,690

Average Household Size 2.37

Owner-Occupied 68.2%

Multi-Family 20.0%

Owner-Occupied Median Value $164,900

Median selected monthly owner costs -with a mortgage $1,268

Median selected monthly owner costs -without a mortgage $483

Median gross rent $838

Building Permits

New Private Housing Issued 2023 509

Years at Residence

1 Year or More 88.8%

Less Than 1 Year 11.2%

Business and Employment

Private non-farm Establishments 8,029

Private non-farm Employment 135,584

Private non-farm Employment Growth down 2.9%

Nonemployer Establishments 27,851

Number of Firms 29,680

Business Production

Value of Shipments $11,181,630,000

Wholesale Trade $3,874,927,000

Retail Trade $5,377,131,000

Retail Sales Per Capita $14,219

Accommodation and Food Services $745,822,000

Land

Land Area 575.27 sq. miles

Population Per Square Mile 653

Source: US Census Bureau

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222 Overlook DriveAlliance, OH 44601