Description
Unlock the potential of this exceptional value-add investment opportunity in Akron! This four-unit multifamily property is perfect for investors looking to renovate and build equity. One unit is currently occupied, providing immediate rental income, while the remaining three units are vacant and ready for a complete renovation-allowing you to maximize rents and create significant upside. Situated on a quiet dead-end street, this property offers a peaceful setting with reduced traffic while remaining conveniently located near local amenities, shopping, and major highways. Whether you're looking to expand your rental portfolio, execute a BRRRR strategy, or add a strong cash-flowing asset after renovations, this is an opportunity you won't want to miss. Bring your vision and transform this multifamily property into a high-performing investment! Selling AS-IS. Buyer to do their own due diligence. Occupied unit is $850 per month, month to month lease. AMHA pays $526, Tenant pays $324. Gas/Electric paid by tenant, water paid by landlord City violations list available upon request.
Details
| MLS # | 5231637 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1913 |
| Days On Site | 70 |
| Listing Provided By | Keller Williams Greater Cleveland Northeast | Ryan Sackman |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 4 Total |
| Story(s) | 2 |
| Building(s) | 1 |
| Acreage | 0.24 |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | On Street |
Taxes
| Tax Annual Amount | 2274 |
|---|
Area Information
| State | OH |
|---|---|
| County | Summit |
| City | Akron |
| Zip Code | 44314 |
| Community Name | Kenmore Allotment |
| Listing VS Median (in Kenmore Allotment) | |
Price: $90,000 low | high Med: $134,900 On site: 70 low | high Med: 32 | |
Market Activity 44314
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Learn More About This Property
| State | OH |
|---|---|
| County | Summit |
| City | Akron |
| Zip Code | 44314 |
| Community Name | Kenmore Allotment |
| Listing VS Median (in Kenmore Allotment) | |
Price: $90,000 low | high Med: $134,900 On site: 70 low | high Med: 32 | |
