1781 Cromwell Dr, Akron OH 44313 Photo 1 1781 Cromwell Dr, Akron OH 44313 Photo 2 1781 Cromwell Dr, Akron OH 44313 Photo 3 1781 Cromwell Dr, Akron OH 44313 Photo 4

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1781 Cromwell Dr - Reduced, $299,000!! Approximately $17,000 recently spent on new roof, 4 newer furnaces and 3 air conditioning units. Property offers 6 two bedroom units with one bathroom/1.5 baths and one three bedroom unit/1.5 baths that is ideal for an owner occupied buyer. Currently 100% occupied with the net income for this year projected to be over $40,000 and current cap rate of 13.45%! All units have a separate garage, central air, and laundry hook-ups. Owners selling after approximately 43 years of ownership, they can no longer claim depreciation on the building. Call today for a showing!

Listing information

  • MLS® ID: 3693069
  • Status: Sold on 10/15/2015
  • New Construction: No
  • Estimated Annual Taxes: $6,735
  • Style: Commercial
  • Stories: 3
  • Foreclosure: No
  • County: Summit
  • Year Built: 1964
  • Parking Type Description: Reserved / Assigned 0 cars
  • Lot Area: 0.40

Features

Apartments Type Apartments Only
Cooling Type Central Air
Fences Chain Link
Heating Fuel Gas
Heating Type Forced Air
Other Assessments YN - 0, Homestead Exemption YN - 0, Lawn Snow Maint - 800, Num Of Apartments Total - 7, Residential SF - 6864, Sewer Water - 3120, Trash Rubbish - 504, Units 2 Bedroom - 6, Units 3 Bedroom - 1
Possession Time of Transfer
Property Subtype Apartment
Roof Asphalt/Fiberglass
Tenant Pays Electric, Heating
Water Sewer Public Sewer, Public Water
Listing Courtesy of Kolp & Associates