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228 Cole Avenue, Akron, OH 44301

$299,900.00
  • 228 Cole Avenue, Akron, OH 44301 Main Photo

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New to the Market Active
BEDS4 BATHS4 full SQUARE FEET3,360 MLS#5231356
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONCole Ave Allotment SCHOOLAkron City

Property Description

Investor Special! Solid brick 4-unit multifamily property with immediate cash flow and value-add potential. Each unit offers 1 bedroom, 1 bathroom, a living room, dining room, and a bonus room, providing spacious layouts that appeal to tenants. Currently fully occupied, with two units renting for $500/month and two units renting for $750/month. Opportunity to increase returns through rental increases. Additional upside with the potential to finish the lower level and convert the property into a 6-unit building Convenient Akron location near shopping, restaurants, public transportation, and major highways.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Cooling: None
Heating: Hot Water, Steam
Lot Size: 0.13 Acres
Roof Type: Asphalt
Stories: 2.0
Taxes: $5,550 / year
Year Built: 1928

Feature Descriptions

Exterior: Brick
Laundry: Common Area
Lot Dimensions:
Parcel#: 6746975
Parking: Gravel
Sewer: Public Sewer
Water: Public

Local Schools

School District: Akron City

Listed By / Shown By

Listed By

Agency Name: Realuxe Ohio
Agency Contact: mandria@realuxerealestate.com, 440-341-2878

Shown By

Agency Title: Cedar Tree Realty
Agency Phone: 216-395-2120

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Estimate Your Payment

Estimated Payment

$ 1,808.75 per month $1,258.78 Principal & Interest $462.50 Property Tax $87.47 Homeowner's Insurance

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