Remarks

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 1 vacancy which will be marketed at $1000+water/sewer, gas and electric per month to potential residents. This is an ideal location for both open market and subsidized rents. Many long term tenants reside in this property, speaking to its stability and desirable location. 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.

Barberton itself is a suburb of the City of Akron. It has approximately 25,000 residents, a large hospital, above average schools with newer facilities, and the benefits of a small-town feel with access to many amenities and freeways.

Details

MLS#: 5059876
Price: $625,000

Style: Apartment
Sq Ft: 0
Year Built: 1918

County: Summit
Subdivision: Central Allotment
Tax Fee: 3615

School District: Barberton CSD - 7702