Discover a prime investment opportunity at 2189-2211 Glenmount Avenue, Akron, Ohio. This fully occupied multi-family property offers a fantastic income stream in a desirable location, close to the beautiful Portage Lakes. This property features three well-maintained and fully updated renovated buildings, each housing four spacious and modern lofted one-bedroom townhome units. Enjoy immediate cash flow with all 12 units currently occupied by a master lease with a personal guarantee Each unit generates a reliable $1,300 per month, providing excellent returns. An expansive 2-bay garage is currently utilized as a weight room, generating an additional $500 per month. This space offers flexible potential for various uses Each unit provides the convenience of in unit laundry, a very strong amenity. A large, paved parking lot provides space for approximately 20 vehicles, ensuring convenient parking for residents and guests. Residents benefit from the property’s close proximity to downtown Akron, the University, local hospitals, Firestone and Goodyear Headquarters and the popular Portage Lakes area, offering recreational opportunities, scenic views, and a desirable lifestyle. This property presents a solid investment opportunity with a proven track record of consistent rental income. Its desirable location, modern amenities, and fully occupied status make it a highly attractive addition to any real estate portfolio.
Don’t miss out on this chance to acquire a lucrative multi-family property in a thriving PLX neighborhood!