2615 Ellet Avenue, Akron, OH 44312

$1,145,000

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Sold Price
$1,145,000
List Price
$1,250,000
Status
CLOSED
Stories
2
MLS#
5187850
Year Built
1967
Closing Date
Mar 31, 2026
Region
Akron
Township
Akron
Subdivision / Building
Springfield Terrace

Property Description

A rare opportunity to own this 16-unit solid brick two-level apartment building in the heart of Ellet. Of the 16 units, there are 3 currently vacant and being marketed for rent. The building is comprised of 14-two bedroom units and 2-one bedroom units. Four of the units are currently under a 1-year lease while the remaining are M2M. Most of the units have been updated and are furnished with kitchen appliances and wall units for cooling. Updates in recent years include a 100-gallon water heater, boiler, roof (2019). There is ample parking space in the asphalt parking lot along with 3 convenient sets of steps to access the second floor units. Added income for the new owner is provided by the coin laundry on the ground level of the building. The location is ideal with a Metro bus stop within walking distance along with shopping, dining, and highway access. The current rent roll and expenses as of 2/4/26 are attached

Additional Information

Taxes
$21,306
Acres
0.61
Sewer
Public Sewer
Roof
Shingle
Water
Public
Heating
Baseboard
Cooling
Wall Unit(s)
School District
Akron CSD - 7701

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Calculator source: Real Geeks

Listing Courtesy of: Amy Wengerd, amy@soldbywengerd.com With EXP Realty, LLC.

Selling Office: Waypoint Real Estate Group, LLC.

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