$260,000
809 Kenmore Blvd, Akron, OH 44314
Current Rent **
N/A
Projected Rent **
$4,000
Akron 5-Unit Brick Apartment
Discover a new prime investment opportunity in Akron with this 5-unit brick apartment building, tailor-made for a savvy BRRRR investor. All units are 1-bed/1-bath and the property comes equipped with a newer boiler and hot water tank. This is a genuine BRRRR gem, with three out of five units currently vacant and two more in the eviction process—likely to be fully vacant upon close. With a proforma rent of $800 per unit, this property offers a great potential return. While some cosmetic updates are needed, several units are already in good condition. Once leased up, tenants will handle their own electricity bills while the owner covers the gas for the boiler. This is a strategic investment opportunity to secure a 5-unit multi at an attractive price point, perfectly aligned for a successful BRRRR strategy. Don't miss out on this chance to elevate your investment portfolio!!
Location:
809 Kenmore Blvd, Akron, OH 44314
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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.
** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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