Listed By
Agency Name: EXP Realty, LLC.
Agency Contact: sylvia@incteamrealestate.com, 216-316-1893
Shown By
Agent Name: Roger McDaniel
Agent Phone: (614) 570-3260
Agency Title: Cutler Real Estate
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Property Description
This fully rented, turnkey 7-unit property presents a strong investment opportunity with immediate upside potential. Recently renovated, the building consists of 4 studio apartments and 3 two-bedroom units, all fully leased. Current rents are below market, offering room for value-add increases?studio units can be raised to approximately $700 per month, and two-bedroom units to around $850 per month, significantly boosting cash flow. The property is designed with ease of management in mind, featuring a tall crawl space that simplifies maintenance and repairs. Additional income is generated through on-site laundry facilities, and the parking lot provides 7+ spaces, adding convenience and tenant appeal. This is a low-maintenance, income-producing asset in strong rental condition with immediate potential to increase revenue. No showings without a written offer.
Property Features
Property Type: Commercial - Business
Basement: Crawl Space, None
Cooling: Geothermal, Humidity Control, Wall Unit(s)
Days on Market: 1
Heating: Forced Air
Lot Size: 0.25 Acres
Roof Type: Asphalt
Taxes: $6,688 / year
Year Built: 1964
Feature Descriptions
Fencing: Fenced, Full
Laundry: Coin-operated
Parcel#: 6849713
Parking: Gravel, Off Street, Parking Lot
Sewer: Public Sewer
Units: 7
Water: Public
Local Schools
School District: Akron City
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1330 W Waterloo Road | MLS# 5139134
This commercial property located at 1330 W Waterloo Road, Akron, OH 44314 is currently listed for sale with an asking price of $450,000. W Waterloo Road is located within the Akron City school district. Search Akron real estate on rmcdaniel.cutlerhomes.com today.