Features & Amenities

Interior

  • Total Bedrooms

    6

  • Bathrooms

    6

  • Above Grade Finished Area

    5670.0

  • Basement YN

    YES

  • Cooling YN

    NO

  • Cooling

    None

  • Heating YN

    YES

  • Heating

    Hot Water, Steam, Radiant

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    Common

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.1302

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

Price

  • Sales Price

    $149,999

  • Tax Amount

    5511.0

  • Sq. Footage

    5, 670

  • Price/SqFt

    $26

HOA

  • Association

    No

School District

  • Elementary School

    Akron CSD - 7701

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Summit

Elementary School

Akron CSD - 7701

Middle School

High School

Listing Courtesy of Dannie Moore , Keller Williams Chervenic Rlty

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This solid all-brick multi-unit complex is just waiting for someone with an eye for opportunity, and a plan for updates. Featuring four one-bedroom apartments on the first and second levels, with the potential of converting the two second floor units to two-bedrooms. You’ll find two more one-bedroom units on the lower level. They’re not currently rentable and will need full renovation, but with vision, money, and a bit of elbow grease, they’re poised to become solid income producers. The building itself has great bones. The boiler is approximately four years old, and the classic brick construction stands as a testament to durability. The layout is straightforward and functional, making future upgrades simple to plan. Financially, there’s a lot to get excited about. Once updated, market rents for the upstairs units could reach around $900/month each, while the lower units could fetch roughly $700/month. Tenants pay their own electric and gas. Owner covers water. There’s a shared driveway and parking arrangement with the neighboring apartment complex (that's been updated), adding convenience for tenants. Two of the units are currently occupied and providing income. The seller is keeping showings easy on current renters: two vacant units and the basement are available for viewing up front, with the occupied units viewable for serious buyers. This property isn't move-in ready. It's make-it-your-own ready. For the right investor, it's a clear path to strong cash flow, all while adding lasting value to the neighborhood. Bring your plans, your contractor, and your imagination. This is the kind of property that rewards the ones willing to do the work.

228 Cole Avenue

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