For Sale
$999,000

751 Waterloo RdAkron, OH 44306

18-Unit Apartment Building, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents an 18-unit multifamily property located at 751-761 E Waterloo Rd, Akron, OH 44306. The property comprises two buildings: a 10-unit building featuring one-bedroom apartments, each equipped with air conditioning, and an 8-unit building with two two-bedroom units and six one-bedroom units. All units include one bathroom. Excellent on-site parking is available for residents. The property enjoys a prime location near I-77, providing easy access to shopping, Akron University, Canton, and public transportation. A significant portion of the combined 160x375 foot lot (approximately 375 feet of the rear lot) remains undeveloped, presenting potential for expansion, subject to necessary city approvals and variances. Detailed rent rolls are available upon request, showcasing the current income potential. This Class C property offers a compelling return on investment with its strong tenant base and significant development potential. The asking price is $999,000. Individual unit rental rates vary, with some one-bedroom units renting for $515-$675 and two-bedroom units renting for $595-$675. Detailed unit dimensions are available upon request.

Highlights

  • 751 Waterloo Road: Units range from $5,595 to $9,515 per month. Two units are currently vacant.
  • 751 Waterloo Road: Units feature a family room (9.11' x 16.11'), kitchen (9.10' x 6'), and bedroom (13.6' x 10.5'). Each unit is a one-bedroom, one-bathroom.
  • 761 Waterloo Road: Units range from $595 to $675 per month. Two units are two-bedroom, one-bathroom; six units are one-bedroom, one-bathroom.

Property Details for 751 Waterloo Rd

Property type
Apartment buildings
Class
C
Units
18

Location Insight

City
Akron
County
Summit
State
Ohio
Latitude
41.029435505986
Longitude
-81.500166285221
751 Waterloo Rd, Akron, Ohio

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751 Waterloo Rd
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