42 Tallmadge Ave, Akron, OH 44310-3160

This three-story, 16-unit apartment building presents a compelling investment opportunity in Akron, Ohio. Located at 42 E Tallmadge Ave, in Summit County, this Class C property boasts 5,200 square feet of net rentable space. Currently, the building has five vacant units, offering immediate potential for increased revenue. The property is situated on a prominent corner lot at the intersection of Tallmadge Ave and Schiller Ave in North Akron. The current gross monthly rent is approximately $5,200, with significant upside potential due to under-market rents and the possibility of further renovations and improvements. Each unit is individually metered, with tenants responsible for all utilities except gas and garbage removal. The asking price is $925,000, translating to a price per unit of $57,812.50. This multifamily property offers a strong cash flow with a light value-add opportunity for an astute investor seeking a solid return on investment in a desirable Akron location. The property's strategic location and potential for rent increases make it an attractive prospect for both seasoned and emerging investors in the Ohio market. This is a rare chance to acquire a well-positioned multifamily asset with immediate upside potential.