USAOHAkronCole Ave Allotment228 Cole Ave
228 Cole Ave, Home with 6 bedrooms, 6 bathrooms and null parking in Akron OH | Image 1
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$149,999

228 Cole Ave, Akron, OH

Real Estate

For Sale

$--,---,---
660
  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 5670 sqft
Garage No
Taxes $5,511
Days Active 0
Lot Size 
Approx. Age 1928
Avg. Price Per Sqft $26
MLS® Number 5138010

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

This solid all-brick multi-unit complex is just waiting for someone with an eye for opportunity, and a plan for updates. Featuring four one-bedroom apartments on the first and second levels, with the potential of converting the two second floor units to two-bedrooms. You’ll find two more one-bedroom units on the lower level. They’re not currently rentable and will need full renovation, but with vision, money, and a bit of elbow grease, they’re poised to become solid income producers. The building itself has great bones. The boiler is approximately four years old, and the classic brick construction stands as a testament to durability. The layout is straightforward and functional, making future upgrades simple to plan. Financially, there’s a lot to get excited about. Once updated, market rents for the upstairs units could reach around $900/month each, while the lower units could fetch roughly $700/month. Tenants pay their own electric and gas. Owner covers water. There’s a shared driveway and parking arrangement with the neighboring apartment complex (that's been updated), adding convenience for tenants. Two of the units are currently occupied and providing income. The seller is keeping showings easy on current renters: two vacant units and the basement are available for viewing up front, with the occupied units viewable for serious buyers. This property isn't move-in ready. It's make-it-your-own ready. For the right investor, it's a clear path to strong cash flow, all while adding lasting value to the neighborhood. Bring your plans, your contractor, and your imagination. This is the kind of property that rewards the ones willing to do the work.Show Description
MLS® Number5138010
Laundry Level
Central VacNo
FireplaceNo
Acreage0.1302
Exterior
GarageNo
Approx. Age1928
BasementApartment
DrivewayCommon
Garage Spaces
HeatHot Water, Radiators, Steam
A/CNone
Heating Fuel

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