Homes for sale - 228 Cole AVE, Akron, OH 44301

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Mary Markulis

mary.markulis@theagencyre.com +1(330) 618-2118

$ 149,999

Est. payment | -/mo

6 Beds

6 Baths

5,670 SqFt

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$ 149,999

Est. payment | -/mo

Save

6 Beds

6 Baths

5,670 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 5,670 sqft

Price per Sqft $26

Subdivision Cole Ave Allotment

MLS Listing ID 5138010

Bedrooms 6

Full Baths 6

HOA Y/N No

Abv Grd Liv Area 5,670

Year Built 1928

Annual Tax Amount $5,511

Tax Year 2024

Lot Size 5,671 Sqft

Acres 0.1302

Property Sub-Type Quadruplex

Property Description

This solid all-brick multi-unit complex is just waiting for someone with an eye for opportunity, and a plan for updates. Featuring four one-bedroom apartments on the first and second levels, with the potential of converting the two second floor units to two-bedrooms. You'll find two more one-bedroom units on the lower level. They're not currently rentable and will need full renovation, but with vision, money, and a bit of elbow grease, they're poised to become solid income producers. The building itself has great bones. The boiler is approximately four years old, and the classic brick construction stands as a testament to durability. The layout is straightforward and functional, making future upgrades simple to plan. Financially, there's a lot to get excited about. Once updated, market rents for the upstairs units could reach around $900/month each, while the lower units could fetch roughly $700/month. Tenants pay their own electric and gas. Owner covers water. There's a shared driveway and parking arrangement with the neighboring apartment complex (that's been updated), adding convenience for tenants. Two of the units are currently occupied and providing income. The seller is keeping showings easy on current renters: two vacant units and the basement are available for viewing up front, with the occupied units viewable for serious buyers. This property isn't move-in ready. It's make-it-your-own ready. For the right investor, it's a clear path to strong cash flow, all while adding lasting value to the neighborhood. Bring your plans, your contractor, and your imagination. This is the kind of property that rewards the ones willing to do the work.

Location

State OH

County Summit

Rooms

Basement Apartment

Interior

Heating Hot Water, Radiator(s), Steam

Cooling None

Fireplace No

Exterior

Parking Features Common

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Private Pool No

Building

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Schools

School District Akron Csd - 7701

Others

Tax ID 6746975

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Dannie Moore • Keller Williams Chervenic Rlty • DannieMoore@kw.com, 330-607-8445

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Mary Markulis

Partner | Lic# 2003017990

mary.markulis@theagencyre.com

+1(330) 618-2118

14 1/2 North Main St., Chagrin Falls, OH, 44022

228 Cole AVE Akron, OH 44301

Mary Markulis

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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228 Cole AVE