529-543 Gage StreetAkron, OH 44311

Property Description

Rare opportunity to purchase a portfolio within walking distance to the University of Akron. The portfolio consists of 2 single family homes, 4 duplexes, and 2 residential vacant lots. 529 Gage is a single family that has 3 bedrooms and 1 bath. 531 Gage is a single family that has 5 bedrooms and 2 full bathrooms. 533, 535, 539, and 543 are duplexes with the same layout which features 2 bedrooms and 1 bath. All the units are side by side on the corner of Gage St and Goodkirk St. The residential lots provide an ample sized parking lot and the opportunity to build another unit. The units are under professional management. Currently there are two units vacant in one of the duplexes as the owner just replaced the roof and did interior updates. Market rent will be $795-825 each. Total gross collected rent on the other units is $6905 making projected rent $8495. Tenants pay all utilities including water/sewer. All the units have separate electric, gas, and water meters which is unique. There is a coin operated washer/dryer on location that was purchased in 2024. The owner pays for landscaping, $120, and trash, $137.94, monthly. Seller has provided work invoices for the last two years totaling over $86600 for work completed. Exterior walk arounds are permissible but do not disturb the tenants.

Property Features

Local Schools