871, 873 & 869 1 & 2 Brown St & 538 Baird Street

Akron, OH 44311

871 Brown St, 873 Browns St, 869 Brown St, 869.5 Brown St & 538 Baird St Akron, OH 44311 is a fantastic investment opportunity! Investment consists of 5 separate units in 2 different structures, bringing in $58,200 income annually. Beautiful brick building known as Brown St Investment Property is a Mixed Use Building with NEW ROOF 2024 plus Full Basement, consisting of 4 of the rentals: 2 Ground Floor Retail Units w/ Gas Heat, Central Air Conditioning, public water & sewer. Fully occupied. All 5 units are fully rented with 2-year terms on the commercial properties. 2 additional large residential apartments on the 2nd floor are also fully rented, one 2-bedroom& one 3-bedroom w/ many updates as well. Tall ceilings in all units make this property have variable options to make investment income. NEW ROOF INSTALLED 2024, newer furnaces, central air conditioning, windows, doors, flooring, paint, & much more! 5th investment rental, BONUS, Single Family Home on the same parcel known as 538 Baird St which is also fully rented income property! Home was updated in 2020 with flooring, kitchen, countertops, paint, siding & gutters, has an unfinished basement, has one bedroom and one bathroom. All units have current leases. Newer furnaces & newer hot water heaters. These units are bringing in $4,850 per month or $52,800 annually! The rentable square footage consists of 5,386 square feet, which includes 4,746 sf in the 2-story multi use brick building as well as 540 sf in the single family dwelling & the properties lot has 40' of frontage on Brown St which is the retail store front and 120'of frontage on Baird Street for additional entries & the single family home. There is 4,800 square feet of lot. There are municipal sidewalks, street lights, gutters & curbs. The Appraiser said the effective age of the property was 20 years old with 30 more years of useful years without needing any major overhauling nor remodeling, however, roof has been replaced in 2024. As Is, Many Uses!

Listing courtesy of Lesa Lillibridge of Keller Williams Chervenic Rlty



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