See all 15 photos
15 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$370,000
Est. payment /mo
0.39 Acres Lot
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5126100
HOA Y/N No
Year Built 1958
Annual Tax Amount $5,400
Tax Year 2024
Lot Size 0.387 Acres
Acres 0.3873
Property Sub-Type Apartment
Property Description
Akron multi-family investment opportunity in Ellet Schools (Betty Jane, Hyre, Ellet)! Total of 6 units located in 3 buildings. MUST ALL BE PURCHASED TOGETHER AT A PRICE OF $370,000. Each 2 unit sits on an individual parcel of land. Every unit is 1 bedroom and 1 bathroom with in-unit laundry. Vaulted ceilings in the living room and bedroom help the units feel more spacious. Windows on all buildings have been replaced approximately 6 years ago. All furnaces have been replaced approximately 6-8 years ago. New roof (2025) on 2358/2356, roof on 2350/2352 roughly 8 years old and roof on 2354/2356 roughly 10 years old. Akron water/sewer bill is paid by the owner (Approx. $270 per month) and all 6 units are currently on one meter. Dumpster is shared with the 4 unit apartment next door- owner currently pays $50 per month for their half of the dumpster expense. All units have a wall or window mounted AC unit provided by the landlord. All units have a range and refrigerator provided by the landlord. Good off street parking available. Units produce a gross rent of $3,665 monthly ($43,980 per year) - currently being rented below market rate with great opportunity for cash flow growth. Unit 2354 is larger than the other units- but still consists of 1 bedroom, 1 bathroom. Lawncare currently provided by tenant. No snow removal provided. All tenants are month to month. Addresses are 2350, 2352, 2354, 2356, 2358 and 2360 Newton St.
Location
State OH
County Summit
Interior
Heating Forced Air
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Present Use Multi-Family
Building
Foundation Slab
Sewer Public Sewer
Water Public
Schools
School District Akron Csd - 7701
Others
Tax ID 6817611
Read Less Info
Listed by Steven Mosholder • Mosholder Realty Inc. • 330-633-5536 info@mosholder.com