720 E Glenwood Avenue, Akron, OH 44310

$355,000

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Sold Price
$355,000
List Price
$375,000
Status
CLOSED
Days on Market
39
Closing Date
Jun 21, 2024
MLS#
5038052
Subtype
Commercial Sale
Year Built
1960
Acres
0.34
MLS Area Major
Akron

Property Description

2 story building, vacant 1st floor of 2296 sq ft consists of large front room 18x28, kitch/workroom 13x15, office 11x14, hallway (wide enough for shelving & walkway) 16x5.6, back room 19x22.6, addl storage room 19x15.6, 2 bathrooms, 1 w/sink & toilet, 1 w/sink & shower. Lots of possibilities for business and/or reconfiguring the floor plan. Upstairs are 3 apartments, w/secure front & back entrances, plus an entrance from 1st floor business. One apt rented to same tenant for 30 years, 2nd rented and third is vacant. All 3 apts had recent updates which include new furnaces, painting, refin hardwood floors, new flooring, newer stove and fridge, updated kitchen and bath. Sellers have rented on MTM basis in case buyer wants to get own tenants or live upstairs & have business downstairs - talk about convenient and saving gas!! 2 apartments are 1-bedroom & approx 426 sqft, 3rd apt is 2-bedrooms, approx 639 sqft. Each apt has it's own furn/C/A and electric box. Common laundry area 1st fl. Seller currently pays gas/heat, water/sewer & trash, tenants pay electric. 1st fl furn 8+ yrs, 120-gal H20 7+ yrs, vinyl siding 13 yrs, roof 6 yrs, shed, small backyard with privacy fence for tenant use. Technically 2 parking lots, one w/4 tenant spots & 2 business spots, 2nd parking lot with approx 24 more spots that has been rented to neighboring businesses in the past (additional income!). Easy to show, occupied apts on 2nd showing.

Additional Information

Taxes
$4,787
Zoning
Commercial
Heating
Forced Air, Gas
Air Conditioning
Central Air
Roof
Asphalt, Fiberglass
Parking Features
Additional Parking, Asphalt, Concrete, Direct Access, On Site, Outside, Paved, Parking Lot
School District
Akron CSD - 7701

Listing Courtesy of: Debbie Spencer, dspencer@kw.com With Keller Williams Chervenic Rlty

Selling Office: Keller Williams Chervenic Rlty.

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