751 Waterloo RdAkron, OH 44306

Property Details for 751 Waterloo Rd

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Akron

County

Summit

State

Ohio

Latitude

41.0294

Longitude

-81.5002

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