797 E Market St - Apartments FOR SALE


Akron, OH 44305- Middlebury
$5,700,000 USD
330-453-9187
797 E Market St, Akron, OH for Sale
$5,700,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

797 E Market St
Akron, OH 44305
Middlebury


OVERVIEW

This 3-story, 66,829 sq ft building, built in 1965 and fully remodeled in 2019-2020, is a maintenance-free investment with an appraised value over $6 million and 10 years left on tax abatement. Zoned U-3 for residential luxury living and commercial use, it features 40 fully furnished 1 & 2-bedroom units, ideal for Airbnb short-term stays or long-term rentals ranging from $975 to $1,400/month (utilities included). The upscale Alexander Pierce restaurant and commercial space generate $9,000/month in rent. Key Features: Prime Location: Near hospitals, freeways, Goodyear World Headquarters, shopping, and dining. Residential Units: 40 fully furnished units with high-end appliances, perfect for Airbnb or long-term tenants. Commercial Space: High-end restaurant and additional commercial area available for development. Amenities: Modern gym, quality common areas, meeting rooms, vending, courtyards, tenant club lounge, dedicated fiber line for internet, and security system Accessibility: One elevator, fully accessible common areas. Parking: 84 spaces. Utilities: Public utilities, included in rent. Condition: Fully remodeled exterior and interior for low maintenance. Additional Highlights: Excellent connectivity to highways and local attractions. Strong income potential with Airbnb for vacant units. Contact listing agent for more details. A turnkey, high-value property in a thriving area, ready for immediate returns.

FOR SALE DETAILS

PRICE

$5,700,000 USD

PRICE/SF

$103 USD /SF

# OF UNITS

42

PRICE/UNIT

$135,714

CAP RATE

Request Cap Rate

% LEASED

81%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Luxury Multi-Use Building, Fully Remodeled

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.63 AC

LAND SF

71,003 SF

ZONING

Commercial U-3

APN/PARCEL ID

67-01066,67-01067,67-01071,67-01074,67-62418

ASK ABOUT THIS PROPERTY

Richard KikoKIKO CompanyMore Info
330-453-9187

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Richard KikoKIKO CompanyMore Info
330-453-9187

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