Cash flowing 16 unit property consists of 2 buildings. Each unit is 1 bed 1 bath with tenants paying utilities and comes equipped with stove and fridge. Currently 1 vacant unit all others occupied. Each unit has a parking space. Recent landscaping and removal of overgrowth around parking areas. No showings of vacant unit until accepted LOI or offer is in place.
Unique opportunity to acquire 14 townhome style units in Northwest Akron, on the boarder of Fairlawn and Sandrun Park. Residents enjoy on-site parking/individual garage spaces, in-suite laundry, many interior updates and great access to W. Market St. The property has undergone significant renovations over the past several years. Property can cash flow day 1 and has potential upside through continued interior improvements, RUBS utility bill back program, and simply bringing current rents to market. Unit breakdown: 5 - 4bd/1.5bth and 9 - 3bd/1.5bth (all townhome style units). This floor plan provides tenants ease of access and privacy not normally found through traditional apartments.
The median home value in Akron, OH is $106,100. This is lower than the county median home value of $179,200. The national median home value is $338,100. The average price of homes sold in Akron, OH is $106,100. Approximately 44.84% of Akron homes are owned, compared to 44.88% rented, while 10.28% are vacant. Akron real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Akron real estate agent to arrange a tour today!
Akron, Ohio 44313 has a population of 191,483. Akron 44313 is less family-centric than the surrounding county with 18.01% of the households containing married families with children. The county average for households married with children is 26.83%.
The median household income in Akron, Ohio 44313 is $42,129. The median household income for the surrounding county is $63,111 compared to the national median of $69,021. The median age of people living in Akron 44313 is 36.8 years.
The average high temperature in July is 82.6 degrees, with an average low temperature in January of 20.3 degrees. The average rainfall is approximately 38.2 inches per year, with 41.7 inches of snow per year.