617 Johnston St Akron, OH 44311

This exceptional Akron, Ohio investment opportunity presents a fully leased 10-unit apartment building boasting 10,806 square feet and a strong 12% cap rate. The property, located at 617-629 Johnston Street, features a mix of unit sizes: one efficiency, one one-bedroom, five two-bedroom, and two three-bedroom apartments. A significant advantage is the inclusion of a 5,180 square foot attached warehouse, offering potential for additional income through leasing or owner-use. The property benefits from ample onsite parking, a common area laundry facility, and an intercom system for enhanced security. Recent capital improvements include a new TPO roof, updated metal siding, replacement hot water tanks, a new furnace, upgraded fixtures, and newer windows, minimizing future maintenance expenses. The asking price is $549,000, translating to $54,900 per unit and $50.81 per square foot. This cash-flowing asset presents a compelling opportunity for investors seeking a stable, high-return multifamily investment in a desirable Akron location. The property also includes a convenient storage room. This is a turnkey investment ready for immediate income generation.