1842 Grace Rd Akron, OH 44312
Multi-Family
MLS #: 5164922
Listed By CENTURY 21 Carolyn Riley Realty
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Property InformationDescription
Don't miss this rare opportunity to own a fully-operational eight-unit apartment complex in Springfield Township! Each unit features one bedroom and one bathroom, providing a simple and efficient layout that appeals to long-term tenants and investors alike. This property has undergone major recent upgrades including a brand-new septic system (2025), a new water filtration system, new gas lines and freshly snaked drain lines-offering peace of mind and reducing future maintenance costs. All units are separately metered for electric, and the property offers ample on-site parking for tenants. Conveniently located near I-77 and I-76, residents enjoy quick access to downtown Akron, local employers, restaurants, and retail. Highlights: (8) One-bedroom, one-bath units Brand-new septic system (2025) New water filtration system (2025) New Gas Lines (2025) Separately metered electric Ample on-site parking
Features
- Building Area: 4850.00 SF
- Cross Docks: N
- Expenses: 34821.00
- For Auction: N
- Full Bathrooms: 8
- Gross Income: 83976.00
- Level Number: 1
- Lot Size Desc: 1/2 - 1 Acre
- Lot Size In Text: 0.994 Acres
- MLSID: 5164922
- Net Operating Income: 48154.00
- Parking Places: 8
- Price Upon Request: N
- Property Use: Rental or Investment
- Sewer: Septic
- Style: Multi-Family (5-20 Units)
- Sublease: N
- Tax Year: 2024
- Taxes: $4802.58
- Total Units: 8
- Water: Well
- Year Built: 1948
