Sheena Edwards
Refine Search

53-57 E Exchange Street, Akron, OH 44308

$450,000
  • 53-57 E Exchange Street, Akron, OH 44308 Main Photo
Virtual Tour

37 Total Photos [Click to View All]

Active
MLS#5189854
STATUSActive PROPERTY TYPECommercial - Business SUBDIVISIONSouth Akron Allotment SCHOOLAkron City

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!

53-57 E Exchange Street | MLS# 5189854

This commercial property located at 53-57 E Exchange Street, Akron, OH 44308 is currently listed for sale with an asking price of $450,000. 53-57 E Exchange Street is located within the Akron City school district. Search Akron real estate on sheenaedwards.johnyoderteam.com today.

Property Features

Property Type: Commercial - Business
Basement: Full, Unfinished, Walk-Out Access
Basement: Yes
Cooling: None, Wall/Window Unit(s)
Heating: Gas, Radiant
Lot Size: 0.11 Acres
Roof Type: Asphalt, Fiberglass
Taxes: $4,510 / year
Year Built: 1915

Feature Descriptions

Building Features: Private Restrooms
Days on Site: 12
Fencing: None
Parcel#: 6702029
Parking: None
Sewer: Public Sewer
Units: 3
Water: Public

Local Schools

School District: Akron City

Listed By / Shown By

Listed By

Agency Name: RE/MAX Edge Realty
Agency Contact: amercier@amhghomes.com, 330-977-5798

Shown By

Agent Name: Sheena Edwards
Agent Phone: Cell: (614) 207-8278
Agency Title: Key Realty

IDX logo

Login to My Homefinder

Register to View this Listing

Why Create an Account?

If you're searching for your next home, or just curious about the market there is no better tool to help you quickly find homes that meet your needs and wants.

With an account you can:

  • Save your favorite listings
  • Save searches with your important parameters
  • Be emailed about new listings that meet your criteria
  • Be notified of changes to your saved listings such as a price reduction or when a property goes off the market
  • Keep track of homes you have recently viewed

Sign Up Today

At least 6 characters with one uppercase, one lowercase, and one number

Already have an account? Sign in here.

Forgot your password?

Pixel