53-57 E Exchange ST, Akron, OH 44308
53-57 E Exchange ST, Akron, OH 44308
53-57 E Exchange ST, Akron, OH 44308
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$450,000
Est. payment /mo
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4,578 Sqft Lot
Pending

53-57 E Exchange ST Akron, OH 44308

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Jay Goodman

Jay Goodman

+1(773) 936-6511

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Key Details

Property Type Commercial

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Subdivision South Akron Allotment

MLS Listing ID 5189854

HOA Y/N No

Year Built 1915

Annual Tax Amount $4,510

Tax Year 2025

Lot Size 4,578 Sqft

Acres 0.1051

Property Sub-Type Other

Property Description

Prime Investment Opportunity – Mixed-Use Commercial Property with Strong Upside Potential! Don't miss this exceptional mixed-use building featuring 7 residential row apartments (6 occupied and 1 vacant) and 3 commercial storefront units (2 Vacant/1 occupied, offering immediate income with significant value-add opportunity. Seller is currently collecting $3180/mo in rent monthly! This well-positioned property provides a versatile investment opportunity for both seasoned investors and those looking to expand their portfolio. The residential component includes 5 currently rented apartments, generating steady cash flow, with 1 vacant unit ready for lease or owner occupancy. The remaining apartment offers additional flexibility depending on your strategy. The commercial portion consists of 3 storefront units, with 1 currently occupied and 2 vacant spaces, presenting an excellent opportunity to increase rental income and boost overall returns. With multiple income streams and vacancy upside, this property is ideal for investors seeking to stabilize and maximize value through strategic leasing. The mix of residential and commercial tenants provides built-in diversification and long-term growth potential. Whether you're looking to expand your portfolio, reposition an asset, or secure a multi-unit property with income already in place, this mixed-use building delivers opportunity and flexibility. Schedule your private showing today and explore the possibilities this investment property has to offer!

Location

State OH

County Summit

Rooms

Basement Full, Unfinished, Walk-Out Access

Interior

Heating Gas, Radiant

Cooling None, Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features None

Fence None

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Building

Foundation Basement, Block

Sewer Public Sewer

Water Public

Schools

School District Akron Csd - 7701

Others

Tax ID 6702029

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Amanda Mercier • EXP Realty, LLC. • amercier@amhghomes.com, 330-605-5143

NEARBY SCHOOL & BUSINESS

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Jay Goodman

Jay Goodman

Broker Associate, Owner, Agent | OH, WV & PA | License ID: BRKP.2012000489

+1(773) 936-6511

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