2347-2349 Nicholas Ave Akron, OH 44305

Versatile multifamily opportunity in Akron with strong income and value-add potential. This fully occupied triplex offers immediate cash flow with long-term tenants in place, while presenting an excellent opportunity to increase rents-two of the units (2347 up and down) have not had rent increases since the sellers purchased the property. The property features three units: 2347 Lower - 1 bedroom, 1 bathroom, utility room, living room, and kitchen. 2347 Upper - 2 bedrooms, 1 bathroom, living room, kitchen, and sliding door access to a fenced backyard. 2349 Unit - 2 bedrooms, 1 bathroom, kitchen with laundry area, and a bright living room. The 2349 unit has been remodeled, including upgraded windows in 2026. The 2347 units have had HVAC updates 4/22/2021, but limited additional improvements due to below-market rents-offering significant upside for the next owner. Additional highlights include a large paved parking area for tenant convenience and two units with washer/dryer hookups. Kitchens in all units include a range and refrigerator, which will transfer with the sale. Expenses are manageable, with the landlord currently paying approximately $250/month for city utilities (water, sewer, and trash) for the entire building. Major updates include the roof (2012), furnaces believed to be under 6 years old, and hot water tanks approximately 10 years old (ages are estimates, not guaranteed). All units are currently leased on a month-to-month basis, providing flexibility for rent adjustments or future improvements. Conveniently located near major routes, shopping, and local amenities, this property presents a compelling opportunity for investors seeking cash flow, portfolio expansion, or a value-add project. Property is being sold AS IS. Investor special with strong upside-don't miss the opportunity to unlock this property's full potential!