751-761 Waterloo Rd Akron, OH 44306

Property Details for 751-761 Waterloo Rd

Year built

1970

Lot size

2.03 lot acres

Property type

Apartment buildings

Description

This exceptional investment opportunity presents a well-maintained 18-unit multifamily property situated on a substantial 2.03-acre lot in Akron, Ohio. The property comprises two buildings: a 10-unit building featuring one-bedroom apartments, each equipped with air conditioning, and an adjacent 8-unit building, including two two-bedroom units. Ample parking is available for residents across both buildings. The strategic location offers convenient access to I-77, a variety of shopping options, Akron University, Canton, and public transportation, ensuring high occupancy rates and strong rental demand. Detailed rent rolls are available upon request, providing a clear picture of current income generation. A significant advantage lies in the approximately 375 feet of undeveloped land at the rear of the property, presenting a compelling opportunity for expansion. This unused space, combined with the existing lot dimensions of approximately 160x375 feet, allows for the potential development of additional units or storage facilities, subject to necessary city approvals and variances. This property offers a rare combination of immediate income generation and significant future development potential, making it an ideal investment for discerning buyers seeking strong returns in a desirable location. Contact us today to schedule a viewing and explore the possibilities.

Location Insight

City

Akron

County

Summit

State

Ohio

Longitude

-81.5002

Latitude

41.0298