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- LoopNet Team
1820 Manchester Rd
Akron, OH 44314
Court-Appointed Receiver Sale · Multifamily Property For Sale
·
6 Units
Investment Highlights
- Court-Appointed Receiver Sale
- Great Location w/ Upside Potential
- Investment Opportunity
Property Facts
| No. Units | 6 | Building Size | 4,992 SF |
| Property Type | Multifamily | Average Occupancy | 50% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1965/1966 |
| Lot Size | 0.17 AC |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.17 AC |
| Building Size | 4,992 SF |
| Average Occupancy | 50% |
| No. Stories | 1 |
| Year Built/Renovated | 1965/1966 |
About 1820 MANCHESTER RD , AKRON, OH 44314
Court Appointed Receiver Sale. Online bidding only. 0.17-acre property, located in the heart of Summit County, OH, playing host to a 6-unit, 50% occupied apartment building. All three tenants are in a MTM lease, totaling $1,610 / month in rental income. All the apartments are separately metered for electric and gas. Property owner pays the water bill. Superb location as it’s less than 3 miles from major highways I-77 and I-76, along with being minutes from Downtown Akron. Upside potential exists by curing deferred maintenance, executing leases with existing tenants, leasing vacant units, rent increases, and continuing improvements begun by the Receiver (new railing, exterior clean up, new water heater, and plumbing repairs).
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
Property Taxes
| Parcel Number | 68-18504 | Improvements Assessment | $42,949 |
| Land Assessment | $7,140 | Total Assessment | $50,089 |
Property Taxes
