1330 W Waterloo RD new Save Request In-Person Tour Request Virtual Tour
Akron,OH 44314
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5139134
Year Built 1964
Annual Tax Amount $6,688
Tax Year 2024
Lot Size 10,798 Sqft
Property Sub-Type Apartment
Property Description
This fully rented, turnkey 7-unit property presents a strong investment opportunity with immediate upside potential. Recently renovated, the building consists of 4 studio apartments and 3 two-bedroom units, all fully leased. Current rents are below market, offering room for value-add increases—studio units can be raised to approximately $700 per month, and two-bedroom units to around $850 per month, significantly boosting cash flow. The property is designed with ease of management in mind, featuring a tall crawl space that simplifies maintenance and repairs. Additional income is generated through on-site laundry facilities, and the parking lot provides 7+ spaces, adding convenience and tenant appeal. This is a low-maintenance, income-producing asset in strong rental condition with immediate potential to increase revenue. No showings without a written offer.
Location
State OH
County Summit
Interior
Heating Forced Air
Cooling Geothermal,Humidity Control,Wall Unit(s)
Laundry Coin-operated
Exterior
Parking Features Gravel,Off Street,Parking Lot
Fence Fenced,Full
Roof Type Asphalt
Building
Sewer Public Sewer
Water Public
Schools
School District Akron Csd - 7701