394 South StAkron, OH 44311

For Sale
$425,000

Eight-unit apartment building, excellent investment.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a well-maintained, eight-unit apartment complex located at 394 E South St, Akron, Ohio, 44311. The property consists of three separate buildings, each two stories high, totaling 6,200 square feet. Built in 1925 and renovated in 2010, the complex boasts 100% occupancy, offering immediate cash flow. Each of the eight units is priced at $53,125, with the entire complex listed at $425,000, representing a price per square foot of $68.55. Situated in Summit County, this Class C multifamily property presents a strong foundation for a savvy investor. While currently well-maintained, the property offers significant upside potential for future improvements and increased profitability. The current owner is strategically divesting from this asset to focus on other holdings, creating a unique opportunity for a buyer to acquire a solid, income-generating property in a desirable location. This is a rare chance to acquire a multi-building complex in Akron, Ohio, with immediate return and significant long-term growth potential.

Highlights

  • Eight-unit apartment complex in Akron, Ohio, offering immediate cash flow.
  • 6,200 square foot building on 394 E South St, Akron, OH 44311.
  • 100% occupancy with eight units priced at $53,125 each, totaling $425,000.
  • Built in 1925, renovated in 2010, Class C multifamily property.
  • Significant upside potential for future improvements and increased profitability.

Property Details for 394 South St

Property type
Multifamily properties, Apartment buildings
Square Feet
6,200 SF
Class
C
Year Built/Renovated
1925/2010
Buildings
3
Stories
2
Units
8

Location Insight

City
Akron
County
Summit
State
Ohio
Latitude
41.0616031
Longitude
-81.5131596
394 South St, Akron, Ohio

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
394 South St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message