1804-1808 Cromwell Drive, Akron, OH 44313

Property Description

Here’s your chance to own a well-maintained three-unit brick apartment building in a prime Akron location, now completely vacant and ready for its next owner! With some fresh paint and new flooring, this property offers an investor the opportunity to set their own rental rates, screen and select their own tenants, and build the property’s income strategy from day one. The property features two spacious 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. Each unit includes its own dedicated garage bay and separate water, gas, and electric meters. A lower-level common area provides separate laundry hookups for each unit. Recent improvements include fresh paint, new flooring, a new furnace installed in Unit 1804 in December 2024, and a new water heater installed in Unit 1806 in January 2025. With the building vacant and ready for occupancy, the next owner can immediately begin leasing the units at rents they determine based on current market conditions. Tenants are responsible for their individual utilities. The owner pays only the common-area electric, approximately $75 per month, which services exterior lighting and shared spaces. Located on a quiet dead-end street with Sand Run Metro Park practically in your backyard, the property combines a peaceful setting with excellent accessibility. Summit Mall, Stan Hywet Hall & Gardens, public transportation, and I-77 are all just minutes away. Whether you’re adding another multifamily property to your portfolio or looking for an investment where you can establish your own tenant base and rental structure from the start, this one is ready to go.