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Rosamond 888 Rosamond Ave 26 Unit Apartment Building $1,560,000 ($60,000/Unit) Akron, OH 44307
Investment Highlights
- Well maintained, locally owned and managed
- Coin laundry and tons of parking
- New roof '25 and electric panels '25
Executive Summary
Well-maintained and managed 26 unit building in Kenmore conveniently located a 1-min drive to I-76/77 and a 5-min drive to downtown Akron / University of Akron. Featuring 26 identical 1BR/1BA units. Avg. rent: $640 / mo. Add'l info: Electric radiant heat, new roof ‘23 (asphalt shingle), rear of building waterproofed '24, replaced electric panels in each unit & building main breaker '25, 5 new kitchens installed '24-'26, shared coin laundry room, exterior stairwells, parking lot, and security lights. Showings with accepted LOI and proof of funds / pre approval. Built-in wall AC units. See sister property 899 Rosamond Ave. MLS#5208858.
Add'l properties available.
Add'l properties available.
Property Facts
| Price | $1,560,000 | Lot Size | 0.95 AC |
| Price Per Unit | $60,000 | Building Size | 19,512 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 26 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1977 |
| Property Subtype | Apartment | Parking Ratio | 1.54/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C |
| Price | $1,560,000 |
| Price Per Unit | $60,000 |
| Sale Type | Investment |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.95 AC |
| Building Size | 19,512 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1977 |
| Parking Ratio | 1.54/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Range
- Smoke Free
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 26 | $640.00 | 500 |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 68-53101 | Improvements Assessment | $162,831 |
| Land Assessment | $45,388 | Total Assessment | $208,219 |
Property Taxes
Parcel Number
68-53101
Land Assessment
$45,388
Improvements Assessment
$162,831
Total Assessment
$208,219
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Rosamond | 888 Rosamond Ave