SOLD
$462,000
Date 12/27/2021

2597 Cory Avenue
Akron, OH 44314

Apartment
Residence
8,112
Sqft
0.3
Lot Size
Courtesy: Key Realty
Welcome to 2597 Cory Ave- current owner has done all of the hard work! Step right into this 100% occupied income generating property. There are a total of 8 two bedroom units and 3 one bedroom units. All of the two bedroom units each have a wall ac unit with washer and dryer hook ups. These are very desirable units with a spacious living room and open kitchen area, two nice size bedrooms and a bathroom with a tub shower combo in the two bedroom units. The one bedroom units are huge, two of the 3 one bedrooms have been updated with new appliances, new flooring, and fresh paint! The owner has spared no expense on creating a great investment in this building. The residents in the two bedroom units each pay their own electric, as well as a flat utility fee and liability insurance. The residents in the one bedroom units pay a higher flat utility fee to accommodate the electric being on the house meter. The building is heated by a well maintained boiler system and comes equipped with one new water heater installed in 2021. Current gross monthly rents are $6965, with rental increases on the one bedroom to $625, and possible increase on the two bedrooms to $700-$750, a new owner could potentially increase the gross monthly rents to $7875! (Note this gross rent does not include the additional monthly fees for pets and flat fee utility charges.) This is a very desirable area close to the highway, bus route, and shopping. Additional parcels included 6800456, 6800457, 6800458.
4328136
Apartment, 2 Story
Summit
1976
0.3 Acres
Public
2
Public Sewer
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Transit Score

Courtesy: Key Realty
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