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1803 Cromwell Dr 6 Unit Apartment Building $439,000 ($73,167/Unit) Akron, OH 44313
EXECUTIVE SUMMARY
This well-maintained 6-unit apartment building features a mix of two one-bedroom units on the lower level and four spacious two-bedroom units above. The property is undergoing balcony upgrades, with new Juliet-style balconies replacing the existing ones. Each unit offers its own furnace and hot water tank, with central air provided via rooftop condenser units. The building includes a shared, coin-operated laundry area for tenant convenience. Interiors are bright, open, and roomy, enhancing the living experience. The structure boasts a durable brick exterior. Recent roofing work was done to tie the rim to the shingles nicely. Tenants enjoy off-street parking behind the building, in addition to attached garage spaces. The property backs onto a serene treed area, offering a bit of natural privacy. With only one unit currently vacant, this is a solid investment opportunity with strong rental potential.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $439,000 | Building Class | C |
| Price Per Unit | $73,167 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 7,011 SF |
| No. Units | 6 | Average Occupancy | 83% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1969 |
| Apartment Style | Low-Rise | Parking Ratio | 1.14/1,000 SF |
| Zoning | U-2 Apartment House - Zoning is Apartment Housing | ||
| Price | $439,000 |
| Price Per Unit | $73,167 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 7,011 SF |
| Average Occupancy | 83% |
| No. Stories | 3 |
| Year Built | 1969 |
| Parking Ratio | 1.14/1,000 SF |
| Zoning | U-2 Apartment House - Zoning is Apartment Housing |
AMENITIES
UNIT AMENITIES
- Balcony
- Cable Ready
- Ceiling Fans
- Refrigerator
- Range
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 4 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 68-26412 | Improvements Assessment | $59,633 (2025) |
| Land Assessment | $13,321 (2025) | Total Assessment | $72,954 (2025) |
PROPERTY TAXES
Parcel Number
68-26412
Land Assessment
$13,321 (2025)
Improvements Assessment
$59,633 (2025)
Total Assessment
$72,954 (2025)
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1803 Cromwell Dr
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