272 Kryder Ave Akron, OH 44305
- Apartment buildings
- 0.10 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 272 Kryder Ave
- Year built
- 1918
- Lot size
- 0.10 lot acres
- Property type
- Apartment buildings
Description
This well-maintained five-unit apartment building at 272 Kryder Avenue in Akron, Ohio, presents a compelling investment opportunity. Situated on a 0.1-acre lot, the property offers a mix of five units: four one-bedroom apartments and one larger two-bedroom apartment. Each unit is equipped with a stove and refrigerator, providing tenants with essential appliances. The building's convenient location near downtown Akron and major highway access ensures easy commuting for residents and simplifies management for the owner. A significant advantage is the inclusion of utilities in the rental price for all units, minimizing operational complexities and maximizing rental income. Currently, the property generates a substantial monthly income of $3,515, demonstrating its strong rental performance and potential for future growth. The property's desirable location and consistent rental income make it an attractive investment for those seeking a stable and profitable addition to their portfolio. The building's solid construction and current occupancy levels suggest a low-maintenance investment with significant return potential. This is a rare opportunity to acquire a well-performing multi-family property in a thriving urban area. The asking price of $145,900 reflects the property's value and potential for long-term appreciation.
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
- -81.47597
- Latitude
- 41.07132
