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$ 642,500
Est. payment /mo
Pending
594-598 Blaine AVE Akron, OH 44310
0.32 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Subdivision O B York Allotment
MLS Listing ID 5161392
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1924
Annual Tax Amount $5,290
Tax Year 2024
Lot Size 0.322 Acres
Acres 0.3217
Property Sub-Type Other
Property Description
Outstanding fully renovated investment opportunity in Akron, Ohio, delivering both immediate stability and strong upside potential. This 7-unit property package has undergone over $250,000 in recent capital improvements, including new mechanicals, water heaters, plumbing, roof, windows, electrical systems, and refreshed interiors. With the heavy lifting already completed, investors can step directly into a stabilized, turnkey asset poised for consistent performance.
Significant value-add potential remains, with the ability to convert 1-bedroom units into 2-bedrooms through minimal construction and renovation, offering a clear path to increasing NOI. Situated in a strategic Akron location near major employers, schools, retail, and transit, the property is well positioned to maintain strong occupancy while capturing long-term growth. This represents a rare chance to acquire a fully updated, income-producing property with both immediate cash flow and additional upside!
Investment analysis and financials available upon request!
Significant value-add potential remains, with the ability to convert 1-bedroom units into 2-bedrooms through minimal construction and renovation, offering a clear path to increasing NOI. Situated in a strategic Akron location near major employers, schools, retail, and transit, the property is well positioned to maintain strong occupancy while capturing long-term growth. This represents a rare chance to acquire a fully updated, income-producing property with both immediate cash flow and additional upside!
Investment analysis and financials available upon request!
Location
State OH
County Summit
Interior
Heating Radiator(s)
Fireplace No
Exterior
Parking Features Additional Parking, Direct Access, Detached, Garage
Water Access Desc Public
Present Use Multi-Family
Total Parking Spaces 14
Building
Water Public
Construction Status Updated/Remodeled
Schools
School District Akron Csd - 7701
Others
Tax ID 6849194
Special Listing Condition Standard
Listed by Kim Lewis • Home Equity Realty Group • garrett.rowan@heqrealty.com, 803-992-1429