809 Kenmore Boulevard, Akron, OH 44314
- $180,000
- Sold Price
- $180,000
- List Price
- $194,900
- Status
- CLOSED
- Days on Market
- 149
- Closing Date
- Aug 02, 2024
- MLS#
- 5021913
- Subtype
- Commercial Sale
- Year Built
- 1924
- Acres
- 0.13
- Subdivision
- Kenwood
- Neighborhood
- Kenwood
- MLS Area Major
- Akron
Property Description
Discover a new prime investment opportunity in Akron with this 5-unit brick apartment building, tailor-made for a savvy BRRRR investor. All units are 1-bed/1-bath and the property comes equipped with a newer boiler and hot water tank. This is a genuine BRRRR gem, with three out of five units currently vacant and two more in the eviction process—likely to be fully vacant upon close. With a proforma rent of $800 per unit, this property offers a great potential return. While some cosmetic updates are needed, several units are already in good condition. Once leased up, tenants will handle their own electricity bills while the owner covers the gas for the boiler. This is a strategic investment opportunity to secure a 5-unit multi at an attractive price point, perfectly aligned for a successful BRRRR strategy. Don't miss out on this chance to elevate your investment portfolio!!
Additional Information
- Taxes
- $6,907
- Heating
- Hot Water, Steam
- Air Conditioning
- None
- Stories
- 3
- Levels
- Three Or More
- Roof
- Flat
- Foundation
- Basement
- Parking Features
- On Site, Outside, On Street
- School District
- Akron CSD - 7701
Listing Courtesy of: Tal Tamir, tal@premierclevelandinvesting.com With Russell Real Estate Services
Selling Office: Keller Williams Chervenic Rlty.Mortgage Calculator
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