USAOHAkronEatons Goodyear167 Chittenden St

167 Chittenden St, Akron, OH

Name: 167 Chittenden St, For Sale in Akron - Zoocasa
Brand: Russell Real Estate Services
SKU: 5239798
Price: 325000 USD

Condo

For Sale

Listed price in listed location currency (USD).

$325,000

000

MLS® 5239798

Overview

Key Facts

Type Apartment

Levels Commercial Sale

Size -

Garage

Maintenance Fees

Taxes $6,017

Days Active 1

Approx. Age 1913

MLS® Number 5239798

Property Address: 167 Chittenden St, Akron, OH, 44306-1616

Average square foot calculated using Size range provided by listing agent.

Description

Eight-unit brick walk-up in East Akron at $325, 000, or $40, 625 per door. Three of the eight units are vacant and under a new owner's control from day one, including both 900 square foot two bedrooms, already on market at $850 and $825. The mix runs six one bedrooms and two two bedrooms across roughly 5, 875 rentable square feet. Occupied units average $655 in place against a $720 pro forma, which sits under the published Akron one bedroom average of $863, so the underwriting asks the market for less than the market already pays. Tenancy averages 3.2 years. Red brick with a mansard roof and a covered front porch on brick columns. Several units already carry luxury vinyl plank flooring, fresh paint, and double-pane windows, and nothing needs a gut. Ownership carries water, sewer, trash, and common area electric, residents pay their own electric and heat, and there is off-street parking. Stabilized NOI runs just over $33, 000 at a 10.2 percent cap, pro forma just over $36, 000 at 11.2 percent. Two miles from the University of Akron and Goodyear's world headquarters. Full rent roll, trailing financials and lease detail are available in the Document Center. Reach out for the package and to get on the tour schedule.

MLS® Number5239798

Locker

Ensuite Laundry

Balcony

Furnished

Laundry Level

Exposure

Exterior

Garage

Approx. Age1913

Stories3

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatBaseboard, Electric, Hot Water, Steam

A/CNone

Extras

Map

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