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(440) 539-6347
Real Estate Company
2615 Ellet Avenue, Akron, OH 44312
- $1,086,000
- Sold Price
- $1,086,000
- List Price
- $1,200,000
- Status
- CLOSED
- MLS#
- 5048222
- Year Built
- 1967
- Closing Date
- Oct 18, 2024
- Region
- Akron
- Township
- Akron
- Subdivision / Building
- Springfield Terrace
Property Description
Rare opportunity to own a meticulously maintained 16-unit apartment building in Ellet (Akron), Ohio. This property includes fourteen 2/1 units and two 1/1 units, the majority of which have been fully updated, with one more underway. Masonry construction, the with recent major mechanical upgrades such as a new 100-gallon hot water tank, a modern boiler with a new pump installed, and a new full tear off roof in 2019. Each unit is equipped with wall-mounted air conditioning units and fully applianced kitchens. Rent increases have been successfully implemented across all units, and the building enjoys historically low vacancy rates. Ample parking is available for residents, and the property includes a clean coin-operated laundry facility that generates additional cash income with room for further expansion. Close to shopping, dining, freeways, and situated in Ellet Schools.
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Additional Information
- Taxes
- $17,272
- Acres
- 0.17
- Sewer
- Public Sewer
- Roof
- Shingle
- Water
- Public
- Heating
- Baseboard, Forced Air
- Cooling
- Wall Unit(s)
- School District
- Akron CSD - 7701
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Listing Courtesy of: Jenne Haddox, jennehaddox@gmail.com With Richfield Realty Group LLC
Selling Office: EXP Realty, LLC..The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now and updated as of . Real estate listings held by brokerage firms other than Real Estate Company are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s).
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