2615 Ellet Ave, Akron, OH, 44312

Highlights

• - 11,194 square foot building
• - 16 residential units
• - Constructed in 1967
• - Zoned as U-2
• - Excellent Akron location

Description

A rare opportunity to own this 16-unit solid brick two-level apartment building in the heart of Ellet. Of the 16 units, there are 3 currently vacant and being marketed for rent. The building is comprised of 14-two bedroom units and 2-one bedroom units. Four of the units are currently under a 1-year lease while the remaining are M2M. Most of the units have been updated and are furnished with kitchen appliances and wall units for cooling. Updates in recent years include a 100-gallon water heater, boiler, roof (2019). There is ample parking space in the asphalt parking lot along with 3 convenient sets of steps to access the second floor units. Added income for the new owner is provided by the coin laundry on the ground level of the building. The location is ideal with a Metro bus stop within walking distance along with shopping, dining, and highway access.

Discover the vibrant city of Akron, OH, where the property is ideally situated. Enjoy convenient access to an array of entertainment and dining options, from the bustling Akron Art Museum to the scenic Stan Hywet Hall & Gardens. Residents will appreciate the proximity to the University of Akron and access to the popular entertainment district, Lock 3, which hosts live music and events. Akron also offers easy access to outdoor recreation, including Cuyahoga Valley National Park, perfect for nature enthusiasts. With its diverse mix of attractions and amenities, this location presents an exciting opportunity for multifamily or high-rise investors seeking a dynamic and attractive community for their next venture.