1881 Manchester RD Save Request In-Person Tour Request Virtual Tour
Akron,OH 44314
Key Details
Property Type Single Family Home
Sub Type Quadruplex
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 5139871
Bedrooms 8
Full Baths 7
HOA Y/N No
Year Built 1913
Annual Tax Amount $4,087
Tax Year 2024
Contingent Inspections
Lot Size 0.300 Acres
Acres 0.3
Property Sub-Type Quadruplex
Property Description
Excellent investment opportunity in Kenmore. For sale is a two-property package: A brick five-unit apartment building and a nice duplex right next door. There is a total of 7 units. (6 one bedroom and one two bedroom). Same owner for 35 years. This property has been well maintained. Both properties have been waterproofed. There are vinyl windows throughout and glass block in basements. (approx. 10 yrs.) Flat roof on building is a maintenance free membrane (approx. 15 yrs old). Electric has been updated. One building has a new furnace and H2O tank. Tenants are all on a month to month. There is room for increases all around. See attached income/expense sheet. Gross rents are $57,420. NOI is $32,994. The CAP RATE is 10%. Pre-approved, or cash buyers only can tour common areas, and two units with 24–48-hour notice. This is a nice, clean property that is a great addition to your portfolio or a solid start for a new investor.
Location
State OH
County Summit
Interior
Heating Forced Air,Gas
Cooling None
Fireplace No
Laundry In Basement
Exterior
Parking Features Parking Lot
Carport Spaces 1
Water Access Desc Public
Roof Type Asphalt,Flat,Membrane,Shingle
Garage false
Private Pool No
Building
Entry Level Two
Foundation Block
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Akron Csd - 7701
Others
Tax ID 6757517
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional