Commercial Real Estate for Sale at 2547 Manchester Road in Akron, OH for $1,075,000

Listing data last changed 12/10/2024
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2547 Manchester Road | Akron

$1,075,000 | 0.0 Sq. Ft.

18 units, all 1 bedroom, 1 bath. Ample on-site parking. No interior common areas or halls, all entrances are garden entrances. Renovated throughout and market ready. Over $80,000 in capital improvements in the last 18 months. Area market rents are $795-825 + electric. Owner pays water/sewer/trash and gas to heat (boiler) and HWT. Ideal location close to many amenities, highway access and near the bus route. This is a turn-key well-performing investment opportunity with more room for improvement. Purchased in disrepair and stabilized in condition and tenancy, it will cashflow for you from day-1. Professional property management in place with few vacancies being marketed to new residents at $795+electric per unit per month. This is an ideal location for additional subsidized rents through AMHA and the HUD/VASH programs. The property MLSNow 5054648

Directions to property: 224 to Manchester Road. Head North

MLS Listing ID: 
MLSNow 5054648
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$1,075,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Apartment
Primary Market Area: 
Akron
Address: 
2547 Manchester Road, Akron, OH 44319
County: 
Summit
Latitude: 
41.0295350
Longitude: 
-81.5464420
Directions: 
224 to Manchester Road. Head North
Public Remarks: 
18 units, all 1 bedroom, 1 bath. Ample on-site parking. No interior common areas or halls, all entrances are garden entrances. Renovated throughout and market ready. Over $80,000 in capital improvements in the last 18 months. Area market rents are $795-825 + electric. Owner pays water/sewer/trash and gas to heat (boiler) and HWT. Ideal location close to many amenities, highway access and near the bus route. This is a turn-key well-performing investment opportunity with more room for improvement. Purchased in disrepair and stabilized in condition and tenancy, it will cashflow for you from day-1. Professional property management in place with few vacancies being marketed to new residents at $795+electric per unit per month. This is an ideal location for additional subsidized rents through AMHA and the HUD/VASH programs. The property
Community Information
School District: 
Akron CSD - 7701
Subdivision: 
Nesmith Lake Heights
Building Details
Details about the building on a property.
Year Built: 
1976
Living Area: 
0.0
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Gas
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.46
Lot Size (Area): 
0.46
Lot Features
Parking Type: 
Asphalt
Public Record
Parcel Number: 
6830341
Annual Tax: 
$12,884.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Disclosures: 
Principal is Real Estate Licensed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Mark E Miller
Listing Co-Agent Name: 
Katie Middendorf
Listing Office Name: 
Century 21 Carolyn Riley RL. Est. Srvcs, Inc.
Listing Co-Office Name: 
Century 21 Carolyn Riley RL. Est. Srvcs, Inc.

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