3/23/2023 0 Comments Nottingham place apartments![]() ![]() Cuyahoga County records show they took out a mortgage of that size to buy it. However, it had to be more than $1.5 million. Welcome To Nottingham Place Apartments In Kalamazoo, MI Welcome to Nottingham Place Centrally located on Kalamazoos beautiful west side, just minutes. None of the principals nor Barron would say how much Skoch and Shell paid for the complex, and land records do not disclose a sale price. “We see it as a stable, cash-flowing property,” Shell said. Shell said River Street sees itself owning Nottingham for at least five years. Superior Ave., to apartments at some undetermined time. and will continue to install new apartments in the former downtown office building for several months, Price said, and is planning to convert the Leader Building, 530 W. K&D just opened its Residences at 1717 E. Michael Barron, a senior vice president at the Marcus & Millichap brokerage that handled the sale for K&D, said three buyers had vied for the property. From a property few would touch, Nottingham is now competitive in more ways than one. Skoch said they have bought and sold smaller apartment buildings and continue to own a 56-suite Painesville apartment building and a half dozen houses they rent out in Akron. Welcome to Nottingham Court Apartments, Medina Ohio Medina is a beautiful, historic and vital community in one of the most rapidly growing counties in the state of Ohio Medina is an active city with a population just over 25,000. It's the largest property to date for the duo, who have been in real estate investing together a decade. River Street is operated by partners Gary Skoch and Andrew Shell. The buyer of the property is Nottingham Place LLC, an affiliate of Wadsworth-based River Street Capital. “We saved it from being condemned,” Price said. After a substantial renovation, the property is 98% occupied, Price said. When K&D bought Nottingham, there were about 15 tenants in one building, copper and pipes had been stripped from a second empty building and a third was also empty. However, he said K&D had always planned to sell the property after it was upgraded. Doug Price, K&D CEO, said the company sold the building as part of a strategy to raise equity for its next downtown development project. The Willoughby-based apartment owner and developer recently sold it for an unknown amount to a new investor group, but clearly came out ahead. In 2010, K&D paid $500,000 for the 100-suite Nottingham Place apartments, 19117 Nottingham Road, Cleveland. ![]() Call it a case of K&D Group coming in, updating, repositioning and moving on, something still a bit of a rarity in buy-and-hold Northeast Ohio. Realtime driving directions to Nottingham Place Apartments, 704 S Drake Rd, Oshtemo, based on live traffic updates and road conditions from Waze fellow. ![]()
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