2358 - 2360 Newton Street, Akron, Ohio, 44305

$123,333

Multi-family

2 ba 2 bds

Pending Sale

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Akron multi-family investment opportunity in Ellet Schools (Betty Jane, Hyre, Ellet)! Total of 6 units located within 3 buildings- ALL 3 BUILDINGS MUST ALL BE PURCHASED TOGETHER AT A PRICE OF $370,000 - shown individually for illustration only. Each 2 unit sits on an individual parcel of land. Every unit is 1 bedroom and 1 bathroom with in-unit laundry. Vaulted ceilings in the living room and bedroom help the units feel more spacious. Windows on all buildings have been replaced approximately 6 years ago. All furnaces have been replaced approximately 6-8 years ago. New roof (2025) on 2358/2356, roof on 2350/2352 roughly 8 years old and roof on 2354/2356 roughly 10 years old. Akron water/sewer bill is paid by the owner (Approx. $270 per month) and all 6 units are currently on one meter. Dumpster is shared with the 4 unit apartment next door- owner currently pays $50 per month for their half of the dumpster expense. All units have a wall or window mounted AC unit provided by the landlord. All units have a range and refrigerator provided by the landlord. Good off street parking available. Units produce a gross rent of $3,665 monthly ($43,980 per year) - currently being rented below market rate with great opportunity for cash flow growth. Unit 2354 is larger than the other units- but still consists of 1 bedroom, 1 bathroom. Lawncare currently provided by tenant. No snow removal provided. All tenants are month to month.The addresses are 2350/2352 Newton, 2354/2356 Newton and 2358/2360 Newton.