1919 Preston AveAkron, OH 44305

For Sale
$739,000

8-Unit Duplex Package, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a package of four renovated duplexes, totaling eight units, situated on a single lot at 1919-1937 Preston Ave., Akron, OH 44305. Offered at $739,000, this turnkey property boasts 100% occupancy, generating a gross monthly rent of $7,024. Each unit features two bedrooms, one bathroom, an open floor plan, central air conditioning, and attractive front balconies. Recent renovations include updated interiors and luxury fixtures, ensuring modern comfort and high tenant appeal. The property enjoys a desirable location in a park-like setting within a quiet, single-family residential neighborhood, yet offers easy access to major highways, local amenities, and public transportation. The dead-end street location provides added peace and privacy. This low-maintenance investment presents a strong cash flow with potential for rent increases given some units are currently below market value. The combination of updated units, reliable tenants, and a prime location makes this a truly exceptional opportunity for investors seeking a high-yield, turnkey property with minimal management headaches. The property's strong tenant history and high demand rental area further solidify its investment potential. This is a rare chance to acquire a well-maintained, cash-flowing multifamily property in a thriving Akron neighborhood.

Highlights

  • $739,000 asking price for a multifamily property.
  • Eight-unit multifamily property consisting of four duplex buildings.
  • 1,440 square feet total.
  • 100% occupancy.
  • Located at 1919 Preston Ave., Akron, OH 44305.

Property Details for 1919 Preston Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
1,440 SF
Buildings
4
Units
8

Location Insight

City
Akron
County
Summit
State
Ohio
Latitude
41.0647106
Longitude
-81.457016
1919 Preston Ave, Akron, Ohio

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1919 Preston Ave
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