1803 Cromwell Dr - Apartments FOR SALE


Akron, OH 44313- Northwest Akron
$439,000 USD
330-673-3400
1803 Cromwell Dr, Akron, OH for Sale
$439,000 USD
Apartments - FOR SALE
1/33
null | Request Cap Rate

1803 Cromwell Dr
Akron, OH 44313
Northwest Akron


OVERVIEW

This well-maintained 6-unit apartment building features a mix of two one-bedroom units on the lower level and four spacious two-bedroom units above. The property is undergoing balcony upgrades, with new Juliet-style balconies replacing the existing ones. Each unit offers its own furnace and hot water tank, with central air provided via rooftop condenser units. The building includes a shared, coin-operated laundry area for tenant convenience. Interiors are bright, open, and roomy, enhancing the living experience. The structure boasts a durable brick exterior. Recent roofing work was done to tie the rim to the shingles nicely. Tenants enjoy off-street parking behind the building, in addition to attached garage spaces. The property backs onto a serene treed area, offering a bit of natural privacy. With only one unit currently vacant, this is a solid investment opportunity with strong rental potential.

FOR SALE DETAILS

PRICE

$439,000 USD

PRICE/SF

$64 USD /SF

# OF UNITS

6

PRICE/UNIT

$73,167

CAP RATE

Request Cap Rate

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1969

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

U-2 Apartment House

APN/PARCEL ID

68-26412

ASK ABOUT THIS PROPERTY

Lisa MazzolaCentury 21 WilburMore Info
330-673-3400

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Lisa MazzolaCentury 21 WilburMore Info
330-673-3400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.