871 - 873 & 869 - 869 1/2 Brown St & 538 Baird Street, Akron, OH 44311

Property Description

871 Brown St, 873 Browns St, 869 Brown St, 869.5 Brown St & 538 Baird St Akron, OH 44311 is a fantastic investment opportunity! Investment consists of 5 separate units in 2 different structures, beautiful brick building known as 871-873 & 869-869.5 Brown St is a Mixed Use Building plus Full Basement, 2 Ground Floor Retail Units with Gas Heat, central air conditioning, public water & sewer. One unit is larger, few different uses over the years including retail stores, appliance store, barber shop & more uses! 2 additional large residential apartments on the 2nd floor of the building to house investment tenants! These are 2 @ 2-bedroom residences with many updates as well. The tall ceilings in all units make this property have very viable options to make investment income. There is a 5th investment rental, BONUS, Single Family Home on the same parcel known as 538 Baird St which is also used as a rental income property! The home was updated in 2020 with flooring, kitchen, countertops, paint, siding & gutters, has an unfinished basement, has one bedroom and one bathroom. All current leases are month to month. There are 3 newer furnaces & newer hot water heater. When fully rented, these units were bringing in $6,300 per month! The rentable square footage consists of 5,386 square feet, which includes 4,746 sf in the 2-story multi use brick building as well as 540 sf in the single family dwelling & the properties lot has 40' of frontage on Brown St which is the retail store front and 120'of frontage on Baird Street for additional entries & the single family home. There is 4,800 square feet of lot. There are municipal sidewalks, street lights, gutters & curbs. The Appraiser said the effective age of the property was 20 years old with 30 more years of useful years without needing any major overhauling nor remodeling, however, roof has been patched & will eventually need a roof. Current roof is a flat roof or could have a gable roof installed. Property Sold As Is, Many Uses!