2547 Manchester RD Active Save Request In-Person Tour Request Virtual Tour
Akron,OH 44319
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Nesmith Lake Heights
MLS Listing ID 5054648
HOA Y/N No
Year Built 1976
Annual Tax Amount $12,884
Tax Year 2023
Lot Size 0.458 Acres
Acres 0.4578
Property Description
18 units, all 1 bedroom, 1 bath. Ample on-site parking. No interior common areas or halls, all entrances are garden entrances. Renovated throughout and market ready. Over $80,000 in capital improvements in the last 18 months. Area market rents are $795-825 + electric. Owner pays water/sewer/trash and gas to heat (boiler) and HWT. Ideal location close to many amenities, highway access and near the bus route. This is a turn-key well-performing investment opportunity with more room for improvement. Purchased in disrepair and stabilized in condition and tenancy, it will cashflow for you from day-1. Professional property management in place with few vacancies being marketed to new residents at $795+electric per unit per month. This is an ideal location for additional subsidized rents through AMHA and the HUD/VASH programs. The property’s zip code qualifies it for higher rent rates, being in a zone for opportunity for AMHA. The location of this building is ideal as it is close to highways, central akron, and many manufacturing facilities, as well as the popular Portage Lakes. The current property managers are happy to continue service as they work to get the building fully occupied, or it can be transferred with the sale.
Location
State OH
County Summit
Interior
Heating Gas
Fireplace No
Exterior
Garage Asphalt
Water Access Desc Public
Parking Type Asphalt
Building
Sewer Public Sewer
Water Public
Schools
School District Akron Csd - 7701
Others
Tax ID 6830341