246 5Th StBarberton, OH 44203

Property Details for 246 5Th St

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This fully leased, seven-unit apartment building at 246 5th Street NW, Barberton, Ohio, presents a compelling investment opportunity. The property, situated on a 0.26-acre lot and built in 1900, offers a total of 3,187 square feet of living space. Each of the seven units features one bedroom and one bathroom, with approximate sizes of 500 square feet, except for one unit at 375 square feet. All units have undergone recent renovations, boasting beautifully decorated kitchens, updated bath fixtures, new flooring, fresh paint, and modern appliances. The building provides uncovered parking. Individual gas and electric meters ensure efficient utility management for both tenants and the owner. Tenants are responsible for gas (heat and stove) and electricity, while the owner covers water, sewer, trash, and gas hot water. All units benefit from energy-efficient windows. The property's proximity to Lake Anna adds to its appeal. The asking price is $425,000, translating to approximately $60,714 per unit. The 2024 annual real estate taxes are estimated at $3,446.30. This well-maintained multifamily property offers a strong potential return on investment. Further details are available upon request.

Location Insight

City

Barberton

County

Summit

State

Ohio

Latitude

41.0173

Longitude

-81.6116

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