394 South St Akron, OH 44311
- Apartment buildings
- 6,200 SF
Current Use by Public Records
- Apartment buildings
Property Details for 394 South St
- Year built
- 1925
- Property size
- 6,200 SF
- Property type
- Apartment buildings
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Akron
- County
- Summit
- State
- Ohio
- Longitude
- -81.5132
- Latitude
- 41.0616
