For Sale
$799,700

594/2996 3000 Shook/Kemble St Akron, OH 44319

Seven-unit rental portfolio, 1.5 acres

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional Akron, Ohio investment opportunity encompasses seven rental units spread across four adjacent buildings situated on a sprawling 1.51-acre lot. The property includes two vacant lots, offering potential for future development or expansion. The portfolio comprises three distinct properties: 594 Shook Street features two brick ranch duplexes, each containing two one-bedroom, one-bathroom units. These units boast full basements, a detached four-car garage, and hardwood floors under the carpeting. Recent upgrades include two new hot water tanks (2023) and a new refrigerator (2024). Note that these units do not have air conditioning. The total square footage for this property is 2790 square feet. 2996 Kemble Street is a single-family home offering two large bedrooms, one bathroom, a full basement, and a garage. Significant updates include a new roof (2017), furnace and central air (2020), and newer windows (2006, excluding the basement). This home totals 1000 square feet and sits on approximately 0.3 acres. Finally, 3000 Kemble Street consists of a duplex with two two-bedroom, one-bathroom units, each featuring a large living room spanning the entire front of the building. Upgrades include a new roof (2016), updated carpeting and vinyl flooring in one unit, a remodeled bathroom in one unit, a new hot water tank (2016), newer windows (excluding the basement), newer vinyl siding and window frames, and a new septic system (2019). One well pump was replaced in 2024. This property includes two attached one-car garages and totals 1808 square feet on 0.12 acres. The property offers ample parking. Long Lake Beach Homes Association lake privileges are available with a $45 annual membership. While the owner prefers to sell the entire portfolio as a package, 3000 and 2996 Kemble Street may be sold separately (sharing a well), as may 594 Shook Street and the two vacant lots (also sharing a well). The asking price for the entire portfolio is $799,700. A plat map and additional information are available upon request.

Highlights

  • Seven-unit multifamily investment opportunity in Akron, OH on a 1.51-acre lot, including two vacant lots.
  • Three separate properties: two brick duplexes (four units) at 594 Shook St. with full basements, four-car garage, and hardwood floors; recent updates include two new hot water tanks (2023) and a new refrigerator (2024).
  • Single-family home at 2996 Kemble St. with two bedrooms, one bath, full basement, garage; recent updates include new roof (2017), furnace/central air (2020), and newer windows (2006, excluding basement).
  • Duplex at 3000 Kemble St. with two two-bedroom, one-bath units; recent updates include new roof (2016), updated flooring in one unit, remodeled bathroom in one unit, new hot water tank (2016), newer windows (excluding basement), newer siding/window frames, and new septic system (2019); one well pump replaced in 2024.
  • Asking price: $799,700; potential for separate sale of 2996 & 3000 Kemble St. (shared well) and 594 Shook St. with vacant lots (shared well).
  • Long Lake Beach Homes Association lake privileges available.

Property Details for 594/2996 3000 Shook/Kemble St

Property type
Land, Apartment buildings
Lot Size (sq. ft)
65,776 SF

Location Insight

City
Akron
County
Summit
State
Ohio
Latitude
41.0148719
Longitude
-81.5452669

FAQs

What type of property is this?
Land - Seven-unit rental portfolio, 1.5 acres
Where is the land located?
The property is located at 594/2996 3000 Shook/Kemble St Akron, OH.
What is the asking price?
The asking price for this property is $799,700.
What are key features of this property?
This property features: Seven-unit multifamily investment opportunity in Akron, OH on a 1.51-acre lot, including two vacant lots.; Three separate properties: two brick duplexes (four units) at 594 Shook St. with full basements, four-car garage, and hardwood floors; recent updates include two new hot water tanks (2023) and a new refrigerator (2024).; Single-family home at 2996 Kemble St. with two bedrooms, one bath, full basement, garage; recent updates include new roof (2017), furnace/central air (2020), and newer windows (2006, excluding basement).
How can I contact the broker?
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594/2996 3000 Shook/Kemble St
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