161-179 Buffington Road, Fairlawn, OH 44333

Property Description

Rare opportunity to own a fully attached 6-unit apartment building in a prime Fairlawn location situated on a corner lot with 4 units on Buffington and 2 units at 2860-2864 Chamberlain, all connected. Five units offer 2 bedrooms and 1 full bath, with one 2 bedroom, 1.5 bath unit recently and completely renovated featuring new LVP flooring and carpet, updated kitchen with granite countertops and stainless steel appliances, renovated full bath, and a brand new half bath addition. Each unit includes laundry hookups, spacious living and dining areas, a private patio, and a one-car attached garage, a rare and desirable amenity that supports strong rental demand. Current annual rental income is $76,200 with additional upside potential as leases turn over, with 4 units on fixed-term leases and others month-to-month. Tenants pay gas and electric with separate meters. Owner currently pays water, sewer, and trash, with the opportunity for a future owner to install separate water meters or implement a bill-back structure as leases renew. Property features a newer roof, low vacancy history, and several long-term tenants in place, making this a turnkey investment with immediate income and future growth potential. Photos shown are of the recently renovated unit at 179 Buffington and reflect the layout and finish potential throughout the property. The remaining five units provide an opportunity for future cosmetic updates over time, allowing a new owner to further enhance the property and position rents at top market levels as improvements are completed and leases naturally turn over. Conveniently located near schools, highways, shopping, and dining, this is an excellent addition to any investment portfolio.