559 E Exchange Street, Akron, OH 44306
- $119,900
- 5
- BD
- 2
- BA
- 1,344
- SqFt
- List Price
- $119,900
- Status
- ACTIVE
- Days on Market
- 7
- Price Change
- ▼ $5,100 1785003075
- MLS#
- 5224949
- Subtype
- Residential
- Style
- Colonial
- Year Built
- 1906
- Bedrooms
- 5
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 1,344
- Acres
- 0.06
- Subdivision
- Rubber Workers
- Neighborhood
- Rubber Workers
- MLS Area Major
- Akron
Property Description
Whether you're looking to expand your investment portfolio or searching for an affordable place to call home, this spacious 5-bedroom, 2-full-bath Colonial offers exceptional value just a few blocks from The University of Akron. Its prime location makes it an attractive option for student housing, with a proven rental history. A previous owner successfully rented the home by the bedroom at approximately $400 per room per month, with tenants sharing the kitchen, bathrooms, living room, and basement. The property was leased as a single-family residence for $1,300 per month. With five generously sized bedrooms, flexible living space, and strong income-producing potential, this property offers multiple investment strategies. Many updates to include new HVAC, some newer windows and doors, 2 remodeled bathrooms and newer kitchen. All stainless steel kitchen appliances stay too! Continue using it as a student rental, lease it as a traditional single-family home, or make it your own owner-occupied residence. Conveniently located near campus, downtown Akron, restaurants, shopping, and major highways, this is an opportunity you won't want to miss!
Additional Information
- Taxes
- $1,817
- Property Description
- Colonial
- Heating
- Forced Air, Gas
- Air Conditioning
- Central Air
- Stories
- 3
- Levels
- Three Or More
- Roof
- Asphalt, Fiberglass
- Parking Features
- No Garage, Unpaved
- School District
- Akron CSD - 7701
Listing Courtesy of: Jodi L Mignano, jodi@mignanos.com With Keller Williams Chervenic Rlty
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