1016 Kenmore BlvdAkron, OH 44314

This mixed-use property at 1016 Kenmore Blvd, Akron, OH 44314, offers a compelling investment opportunity. Priced at $100,000, it boasts a 7.80% cap rate and a substantial 3,192 square feet of space, divided between a ground-floor storefront and a second-floor office. Currently, the occupancy is 50%, with a fully rented efficiency apartment generating $650 monthly in rental income. The building, constructed in 1917 and renovated in 2020, features a newer furnace, A/C, and water heater. The storefront is currently vacant, providing immediate occupancy potential for a variety of retail or service businesses. The second-floor office space offers flexibility for expansion or additional rental income. The property sits on a 0.07-acre lot and is zoned C, allowing for diverse commercial uses. The building consists of two stories and includes two units. The strong NOI of $7,800 further underscores the property's financial potential. Located on a high-traffic corridor of Kenmore Blvd, this property presents a rare chance to acquire a well-maintained, mixed-use building with immediate cash flow and significant upside potential. The property's location and features make it an ideal investment for owner-users or rental investors seeking a strong return on investment in a vibrant Akron location. The property's features include a net lease type and is classified as a Class C building.