Akron, OH 44312,2615 Ellet AVE
Akron, OH 44312,2615 Ellet AVE
Akron, OH 44312,2615 Ellet AVE
$1,086,000
Est. payment /mo
$1,200,000
9.5%
Est.Price: ?

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7,440 Sqft Lot
SOLD DATE : 10/18/2024

Key Details

Sold Price $1,086,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Subdivision Springfield Terrace

MLS Listing ID 5048222

Sold Date 10/18/24

HOA Y/N No

Year Built 1967

Annual Tax Amount $17,272

Tax Year 2023

Lot Size 7,440 Sqft

Acres 0.1708

Property Description

Rare opportunity to own a meticulously maintained 16-unit apartment building in Ellet (Akron), Ohio. This property includes fourteen 2/1 units and two 1/1 units, the majority of which have been fully updated, with one more underway. Masonry construction, the with recent major mechanical upgrades such as a new 100-gallon hot water tank, a modern boiler with a new pump installed, and a new full tear off roof in 2019. Each unit is equipped with wall-mounted air conditioning units and fully applianced kitchens. Rent increases have been successfully implemented across all units, and the building enjoys historically low vacancy rates. Ample parking is available for residents, and the property includes a clean coin-operated laundry facility that generates additional cash income with room for further expansion. Close to shopping, dining, freeways, and situated in Ellet Schools.

Location

State OH

County Summit

Interior

Heating Baseboard, Forced Air

Cooling Wall Unit(s)

Fireplace No

Laundry Coin-operated

Exterior

Garage Additional Parking, Asphalt, Common, Driveway

Water Access Desc Public

Roof Type Shingle

Present Use Commercial

Building

Sewer Public Sewer

Water Public

Schools

School District Akron Csd - 7701

Others

Tax ID 6748538

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Conventional

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Listed by Jenne Haddox • Richfield Realty Group LLC • 330-554-1442 richfieldrealtygroup@gmail.com
Bought with Amy Wengerd • EXP Realty, LLC.
Justin Carroll

REALTOR / Team Lead | License ID: C2015004696

+1(330) 705-3640 | justin@jcsells.com

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