Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1948
Sq.Footage
N/A
Excellent investment opportunity in Akron! This 10-unit multifamily property features ten one-bedroom, one-bath units and is currently 90% occupied, with an accepted applicant for the remaining vacant unit. Each unit is equipped with its own mini-split heating and cooling system, providing efficient individual climate control. Significant improvements include a new septic system installed in 2025 at a cost of approximately $75,000, along with a durable metal roof. The property is serviced by well water and offers plenty of convenient on-site parking. Tenants are responsible for their own gas and electric, with the exception of Unit 1. Because Unit 1's electric service currently powers the property's well and septic systems, electricity for that unit is included in the rent. The property is professionally managed by CRPM, providing an established management structure already familiar with the property, tenants, and day-to-day operations. CRPM is happy to continue providing professional management services for the new owner, offering the opportunity for a seamless transition following closing. With strong existing occupancy, an accepted applicant for the remaining unit, major infrastructure improvements already completed, and professional management already in place, this property presents an attractive opportunity for an investor looking to add a stabilized multifamily asset to their portfolio.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Ductless
-
Heating YN
YES
-
Heating
Heat Pump
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
Direct Access, On Site, Off Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.994
-
Property Type
Commercial Sale
-
Property Sub Type
Apartment
Price
-
Sales Price
$505,000
-
Tax Amount
$4,882
-
Zoning
Multi-Family
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Springfield LSD Summit- 7713
-
Middle School
Springfield LSD Summit- 7713
-
High School
Springfield LSD Summit- 7713
Property Features
-
Stories
1
-
Sewer
Septic Tank
-
Water Source
Well
Schedule a Showing
Showing scheduled successfully.
Mortgage calculator
Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.
Your payment
Principal and Interest:
$
Property taxes:
$
HOA fees:
$
Total loan payment:
$
Total interest amount:
$
Location
County
Summit
Elementary School
Springfield LSD Summit- 7713
Middle School
Springfield LSD Summit- 7713
High School
Springfield LSD Summit- 7713
Listing Courtesy of Justin Decker, Catalyst Realty Group, LLC
RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
AGENT
Keith Vanke
Call Keith today to schedule a private showing.
* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.