25 Oakdale Avenue, Akron, OH 44302

Property Description

Oakdale Apartments is a 14-unit apartment community offering immediate cash flow with additional upside through future rent growth. The offering includes two parcels (17 & 25 Oakdale Ave) and consists of fourteen 1-bedroom, 1-bath apartment units. Every unit has been renovated within the past four years with luxury vinyl plank flooring throughout, while several units feature granite countertops. Each apartment is equipped with a new electrical panel and electric baseboard heat, with tenants paying their own electric service--helping keep operating and maintenance costs low. Ownership has also installed two new sets of coin-operated washers and dryers in the partial basement, providing residents with a convenient on-site laundry facility while generating additional income. The landlord is responsible only for the gas used to heat the domestic hot water and the electricity serving the common areas and laundry facility. With strong cash flow, updated interiors, low maintenance costs, and room for future rent growth, Oakdale Apartments is an excellent investment opportunity. Agent owned.