10
See all 10 photos
$505,000
Est. payment /mo
0.99 Acres Lot
New
1842 Grace RD Akron, OH 44312
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Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Emmons Small Farms
MLS Listing ID 5246089
HOA Y/N No
Year Built 1948
Annual Tax Amount $4,882
Tax Year 2025
Lot Size 0.994 Acres
Acres 0.994
Property Sub-Type Apartment
Property Description
Excellent investment opportunity in Akron! This 10-unit multifamily property features ten one-bedroom, one-bath units and is currently 90% occupied, with an accepted applicant for the remaining vacant unit. Each unit is equipped with its own mini-split heating and cooling system, providing efficient individual climate control.
Significant improvements include a new septic system installed in 2025 at a cost of approximately $75,000, along with a durable metal roof. The property is serviced by well water and offers plenty of convenient on-site parking.
Tenants are responsible for their own gas and electric, with the exception of Unit 1. Because Unit 1's electric service currently powers the property's well and septic systems, electricity for that unit is included in the rent.
The property is professionally managed by CRPM, providing an established management structure already familiar with the property, tenants, and day-to-day operations. CRPM is happy to continue providing professional management services for the new owner, offering the opportunity for a seamless transition following closing.
With strong existing occupancy, an accepted applicant for the remaining unit, major infrastructure improvements already completed, and professional management already in place, this property presents an attractive opportunity for an investor looking to add a stabilized multifamily asset to their portfolio.
Significant improvements include a new septic system installed in 2025 at a cost of approximately $75,000, along with a durable metal roof. The property is serviced by well water and offers plenty of convenient on-site parking.
Tenants are responsible for their own gas and electric, with the exception of Unit 1. Because Unit 1's electric service currently powers the property's well and septic systems, electricity for that unit is included in the rent.
The property is professionally managed by CRPM, providing an established management structure already familiar with the property, tenants, and day-to-day operations. CRPM is happy to continue providing professional management services for the new owner, offering the opportunity for a seamless transition following closing.
With strong existing occupancy, an accepted applicant for the remaining unit, major infrastructure improvements already completed, and professional management already in place, this property presents an attractive opportunity for an investor looking to add a stabilized multifamily asset to their portfolio.
Location
State OH
County Summit
Rooms
Basement None
Interior
Heating Heat Pump
Cooling Ductless
Fireplace No
Exterior
Parking Features Direct Access, On Site, Off Street
Fence None
Water Access Desc Well
Roof Type Metal
Present Use Multi-Family
Total Parking Spaces 20
Building
Story 1
Sewer Septic Tank
Water Well
Level or Stories One
Schools
School District Springfield Lsd Summit- 7713
Others
Tax ID 5105920
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Justin Decker • Catalyst Realty Group, LLC • 330-294-6854, admin@catalystrealtors.com
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