394 South StAkron, OH 44311

Property Details for 394 South St

Year built

1925

Property size (Sq ft)

6,200 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a well-maintained, eight-unit apartment complex located at 394 E South St, Akron, Ohio, 44311. The property consists of three separate buildings, each two stories high, totaling 6,200 square feet. Built in 1925 and renovated in 2010, the complex boasts 100% occupancy, offering immediate cash flow. Each of the eight units is priced at $53,125, with the entire complex listed at $425,000, representing a price per square foot of $68.55. Situated in Summit County, this Class C multifamily property presents a strong foundation for a savvy investor. While currently well-maintained, the property offers significant upside potential for future improvements and increased profitability. The current owner is strategically divesting from this asset to focus on other holdings, creating a unique opportunity for a buyer to acquire a solid, income-generating property in a desirable location. This is a rare chance to acquire a multi-building complex in Akron, Ohio, with immediate return and significant long-term growth potential.

Location Insight

City

Akron

County

Summit

State

Ohio

Latitude

41.0616

Longitude

-81.5132

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