167 Chittenden ST, Akron, OH 44306
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167 Chittenden ST, Akron, OH 44306
167 Chittenden ST, Akron, OH 44306
167 Chittenden ST, Akron, OH 44306
167 Chittenden ST, Akron, OH 44306
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Michael Henry

Michael Henry

+1(216) 973-1402
$ 325,000
Est. payment /mo
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167 Chittenden ST Akron, OH 44306

5,039 Sqft Lot

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Eatons Goodyear

MLS Listing ID 5239798

HOA Y/N No

Year Built 1913

Annual Tax Amount $6,017

Tax Year 2025

Lot Size 5,039 Sqft

Acres 0.1157

Property Sub-Type Apartment

Property 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.

Location

State OH

County Summit

Rooms

Basement Common Basement

Interior

Heating Baseboard, Electric, Hot Water, Steam

Cooling None

Fireplace No

Exterior

Parking Features Unpaved

Water Access Desc Public

Roof Type Asphalt,Fiberglass,Pitched

Building

Story 3

Sewer Public Sewer

Water Public

Schools

School District Akron Csd - 7701

Others

Tax ID 6749847

Special Listing Condition Standard

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Tal Tamir • Russell Real Estate Services • tal@premierclevelandinvesting.com, 216-870-8687

Nearby Locations

Michael Henry
Michael Henry

CEO, REALTOR, CLHMS - Certified Luxury Home Marketing Specialist™ Real Estate Sales License 2014003328

+1(216) 973-1402 | michael.henry.oh@exprealty.com

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167 Chittenden ST