2615 Ellet Avenue , Akron, OH 44312
Akron, OH 44312
Description
Rare opportunity to own a meticulously maintained 16-unit apartment building in Ellet (Akron), Ohio. This property includes fourteen 2/1 units and two 1/1 units, the majority of which have been fully updated, with one more underway. Masonry construction, the with recent major mechanical upgrades such as a new 100-gallon hot water tank, a modern boiler with a new pump installed, and a new full tear off roof in 2019. Each unit is equipped with wall-mounted air conditioning units and fully applianced kitchens. Rent increases have been successfully implemented across all units, and the building enjoys historically low vacancy rates. Ample parking is available for residents, and the property includes a clean coin-operated laundry facility that generates additional cash income with room for further expansion. Close to shopping, dining, freeways, and situated in Ellet Schools.
Details
| MLS# | 5048222 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Contingent |
| Year | 1967 |
| Days On Site | 87 |
| Listing Provided By | Richfield Realty Group LLC | Jenne Haddox |
Features
| SQ Feet | 11,194 |
|---|---|
| Acreage | 0.17 |
Market Activity 44312
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Learn More About This Property
| State | OH |
|---|---|
| County | Summit |
| City | Akron |
| Zip Code | 44312 |
| Community Name | Springfield Terrace |
| Listing VS Median (in Springfield Terrace) | |
Price: $1,200,000 low | high Med: $719,950 SqFt: 11,194 low | high Med: 6,508 $ / SqFt: $107 low | high Med: $119 On Site: 87 low | high Med: 46.000000 | |