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Key Details
Sold Price $1,145,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Springfield Terrace
MLS Listing ID 5187850
Sold Date 03/31/26
HOA Y/N No
Year Built 1967
Annual Tax Amount $21,306
Tax Year 2025
Lot Size 0.610 Acres
Acres 0.6096
Property Sub-Type Apartment
Property Description
A rare opportunity to own this 16-unit solid brick two-level apartment building in the heart of Ellet. Of the 16 units, there are 3 currently vacant and being marketed for rent. The building is comprised of 14-two bedroom units and 2-one bedroom units. Four of the units are currently under a 1-year lease while the remaining are M2M. Most of the units have been updated and are furnished with kitchen appliances and wall units for cooling. Updates in recent years include a 100-gallon water heater, boiler, roof (2019). There is ample parking space in the asphalt parking lot along with 3 convenient sets of steps to access the second floor units. Added income for the new owner is provided by the coin laundry on the ground level of the building. The location is ideal with a Metro bus stop within walking distance along with shopping, dining, and highway access. The current rent roll and expenses as of 2/4/26 are attached
Location
State OH
County Summit
Interior
Heating Baseboard
Cooling Wall Unit(s)
Fireplace No
Laundry Coin-operated
Exterior
Parking Features Additional Parking, Asphalt, Common, Driveway, Parking Lot
Water Access Desc Public
Roof Type Shingle
Present Use Commercial,Investment
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Akron Csd - 7701
Others
Tax ID 6748540
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Ivan S Plesich • Waypoint Real Estate Group, LLC
NEARBY SCHOOLS & BUSINESSES
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