1919 Preston Ave Akron, OH 44305
- Small apartment buildings
- 1,440 SF
Current Use by Public Records
- Small apartment buildings
Property Details for 1919 Preston Ave
- Property size
- 1,440 SF
- Property type
- Small apartment buildings
Description
This exceptional investment opportunity presents a package of four renovated duplexes, totaling eight units, situated on a single lot at 1919-1937 Preston Ave., Akron, OH 44305. Offered at $739,000, this turnkey property boasts 100% occupancy, generating a gross monthly rent of $7,024. Each unit features two bedrooms, one bathroom, an open floor plan, central air conditioning, and attractive front balconies. Recent renovations include updated interiors and luxury fixtures, ensuring modern comfort and high tenant appeal. The property enjoys a desirable location in a park-like setting within a quiet, single-family residential neighborhood, yet offers easy access to major highways, local amenities, and public transportation. The dead-end street location provides added peace and privacy. This low-maintenance investment presents a strong cash flow with potential for rent increases given some units are currently below market value. The combination of updated units, reliable tenants, and a prime location makes this a truly exceptional opportunity for investors seeking a high-yield, turnkey property with minimal management headaches. The property's strong tenant history and high demand rental area further solidify its investment potential. This is a rare chance to acquire a well-maintained, cash-flowing multifamily property in a thriving Akron neighborhood.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Akron
- County
- Summit
- State
- Ohio
- Longitude
- -81.457016
- Latitude
- 41.0647106
