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766-794 Anderson Ave
Akron, OH 44306
Anderson Commons · Multifamily Property For Sale · 52 Units

INVESTMENT HIGHLIGHTS

  • Anderson Commons is a 52-unit value-add opportunity with continual upside in the historic Firestone Park/East Akron submarkets of Akron, Ohio.
  • The Firestone Park and East Akron submarket vacancy rates have remained stable over the past year, and at 7.2%, aligning with the long-term averages.
  • Residents of Anderson Commons who are required to commute for work benefit from multiple public bus lines along Kelly Avenue.
  • The Anderson Commons location, East Akron, is a lively neighborhood located southeast of the city's center off the I-76 and I-77 intersection.
  • 766-794 Anderson Ave boasts strong demographics in the three-mile trade range with 193,702 residents and a median household income of $39,314.

PROPERTY FACTS

No. Units 52
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 1.47 AC
Building Size 54,000 SF
No. Stories 2
Year Built 1980
Parking Ratio 0.96/1,000 SF
Zoning Residential - Residential Zoned District

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 20 - -
2+1 26 - -
3+2 6 - -

PROPERTY TAXES

  • Listing ID: 23868559

  • Date on Market: 8/9/2021

  • Last Updated:

  • Address: 766-794 Anderson Ave, Akron, OH 44306