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$450,000
Est. payment /mo
10,798 Sqft Lot
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5139134
HOA Y/N No
Year Built 1964
Annual Tax Amount $6,688
Tax Year 2024
Lot Size 10,798 Sqft
Acres 0.2479
Property Sub-Type Apartment
Property Description
This fully rented, turnkey 7-unit property presents a strong investment opportunity with immediate upside potential. Recently renovated, the building consists of 4 studio apartments and 3 two-bedroom units, all fully leased. Current rents are below market, offering room for value-add increases—studio units can be raised to approximately $700 per month, and two-bedroom units to around $850 per month, significantly boosting cash flow. The property is designed with ease of management in mind, featuring a tall crawl space that simplifies maintenance and repairs. Additional income is generated through on-site laundry facilities, and the parking lot provides 7+ spaces, adding convenience and tenant appeal. This is a low-maintenance, income-producing asset in strong rental condition with immediate potential to increase revenue. No showings without a written offer.
Location
State OH
County Summit
Rooms
Basement Crawl Space, None
Interior
Heating Forced Air
Cooling Geothermal, Humidity Control, Wall Unit(s)
Fireplace No
Laundry Coin-operated
Exterior
Parking Features Gravel, Off Street, Parking Lot
Fence Fenced, Full
Water Access Desc Public
Roof Type Asphalt
Present Use Residential,Single Family
Total Parking Spaces 7
Building
Sewer Public Sewer
Water Public
Schools
School District Akron Csd - 7701
Others
Tax ID 6849713
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Listed by Sylvia Incorvaia • EXP Realty, LLC. • sylvia@incteamrealestate.com, 216-316-1893