Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1918
Sq.Footage
N/A
This well-maintained 7-unit brick townhome complex is a fully stabilized, cash-flowing investment with strong in-place performance and upside potential. Each attached unit features 3 bedrooms, 1 full bath, a private full basement with individual furnace, hot water tank, and electrical panel, and both front and rear porches for added tenant appeal. Four units have been fully renovated in the last 18 months, and water is sub-metered, so tenants pay their own usage. Market rents are $1,000+ per unit, plus water/sewer, gas, and electric. This property was purchased in disrepair and has been thoughtfully restored and stabilized in both condition and tenancy. It will cash flow from day one, with professional property management in place and is currently 100% occupied, actively being marketed at market rate. The property is well-suited for both open-market and subsidized tenants, and has a history of long-term residents, reflecting its strong location and rental appeal. Management is willing to continue service through transition or can be replaced at buyer’s discretion. Located on a main artery in the popular Akron suburb of Barberton, this property benefits from strong tenant demand and excellent accessibility. A smart addition to any portfolio or a great start for new investors seeking solid cash flow and long-term value.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Basement YN
YES
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.3211
-
Property Type
Commercial Sale
-
Property Sub Type
Apartment
Price
-
Sales Price
$600,000
-
Tax Amount
3614.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
Yes
-
Association Fee 2
$900
-
Association Fee Includes
N/A
School District
-
Elementary School
Barberton CSD - 7702
-
Middle School
N/A
-
High School
N/A
Property Features
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Summit
Elementary School
Barberton CSD - 7702
Middle School
High School
Listing Courtesy of Justin Decker , Century 21 Carolyn Riley RL. Est. Srvcs, Inc.
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