1330 W Waterloo RD Active Save Request In-Person Tour Request Virtual Tour
Akron,OH 44314
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5139134
HOA Y/N No
Year Built 1964
Annual Tax Amount $6,688
Tax Year 2024
Lot Size 10,798 Sqft
Acres 0.2479
Property Sub-Type Apartment
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.
Location
State OH
County Summit
Rooms
Basement Crawl Space,None
Interior
Heating Forced Air
Cooling Geothermal,Humidity Control,Wall Unit(s)
Fireplace No
Laundry Coin-operated
Exterior
Parking Features Gravel,Off Street,Parking Lot
Fence Fenced,Full
Water Access Desc Public
Roof Type Asphalt
Present Use Residential,Single Family
Total Parking Spaces 7
Building
Sewer Public Sewer
Water Public
Schools
School District Akron Csd - 7701
Others
Tax ID 6849713