2547 Manchester RdAkron, OH 44319

This exceptional 18-unit apartment building, located at 2547 Manchester Road in Akron, Ohio, presents a compelling investment opportunity. Each unit boasts one bedroom and one bathroom, offering comfortable living spaces for residents. The property features ample on-site parking, eliminating tenant parking concerns. A unique design with garden-style entrances eliminates interior common areas and hallways, simplifying maintenance and management. Extensive renovations have been completed throughout, ensuring the property is market-ready and in excellent condition. Over $80,000 in capital improvements have been made within the last 18 months, enhancing the property's value and appeal. The property sits on a 0.46-acre lot and is conveniently located near numerous amenities, major highways, and public transportation (bus route). Current market rents average $795-$825 per month plus electricity, with the owner covering water, sewer, trash, gas for heating (boiler), and hot water. Professional property management is currently in place, actively working to fill any vacancies and market units at the prevailing rates. The property's zip code qualifies it for higher rent rates through the Akron Metropolitan Housing Authority (AMHA) and the HUD/VASH programs, presenting a significant opportunity to increase revenue. Its proximity to highways, central Akron, manufacturing facilities, and the Portage Lakes makes it highly desirable. This turnkey investment property is currently cash-flow positive and offers significant potential for future growth. The current property management team is willing to continue their services, or the management can be transferred to the new owner. Priced at $1,075,000.