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Suede Beverly

soldbysuedebeverly@gmail.com +1(234) 817-1312

$ 2,590,000

Est. payment -/mo

Save

New

1757 S Arlington ST Akron, OH 44306

0.45 Acres Lot

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Hillcrest Park Allotment

MLS Listing ID 5183035

HOA Y/N No

Year Built 1978

Annual Tax Amount $37,791

Tax Year 2025

Lot Size 0.445 Acres

Acres 0.4455

Property Sub-Type Apartment

Property Description

Incredible opportunity to acquire two stabilized apartment complexes with value-add upside in Akron! This opportunity offers a rare chance for investors to acquire a total of 47 one bedroom, well-located units in the Firestone Park neighborhood just minutes from shopping, entertainment and employment! With a combined total of 24 units at 1566 & 1588 Coventry Street and 23 units at 1757 and 1767 S Arlington Street, the portfolio provides immediate scale and operational efficiencies for a savvy buyer, all within a mere two miles of each other.

This thriving area boasts high rental demand and steadily growing rental rates, making it an ideal market for multifamily investment. In addition, significant value-add upside is available immediately upon takeover. Currently, the rents are positioned well below market value, presenting an easy path to income upside for a buyer. With straightforward cosmetic updates, new ownership can elevate monthly income from the in-place $28,000+ mark, to over $38,000+ per month! (19) of the current tenants are also currently voucher holders through AMHA, allowing a buyer to easily and consistently increase these rents to HUD's Fair Market Standard over time, which currently sits at $840 and $920 for each respective zip code.

All units are 1 bedroom, 1 bathroom. Tenants pay electric at Coventry property (boiler heat owner pays gas, water/sewer and common area electric). S Arlington tenants pay electric (electric baseboard heat) and owner pays water/sewer and trash. Onsite coin op laundry.

Location

State OH

County Summit

Interior

Heating Baseboard, Electric, Radiant

Fireplace No

Schools

School District Akron Csd - 7701

Others

Tax ID 6853344

Special Listing Condition Standard

Listed by Michael Orlando • Key Realty • mjorlando1994@gmail.com, 216-956-1884

SCHOOLSPROPERTIES

Elementary Schools 20

9

Greater Summit County Early Learning Center

Public | KG - 4
7

Windemere Clc

Public | KG - 5
6

Schrop Intermediate School

Public | 4 - 6
5

Hill Community Learning Center

Public | KG - 6
5

Hatton Clc

Public | KG - 5
4

Firestone Park Elementary School

Public | KG - 5
4

McEbright Community Learning Center

Public | KG - 5
4

Robinson Community Learning Center

Public | KG - 6
3

Voris Community Learning Center

Public | KG - 5
3

Glover Community Learning Center

Public | KG - 5
2

University Academy

Public | KG - 8
1

Leggett Community Learning Center

Public | KG - 5
0

St Mary Elementary School

Private | KG - 8
0

St Paul School

Private | PK - 8
0

Brown Street Academy

Public | KG - 8
0

Steam Academy of Akron

Public | KG - 6
0

Arlington Christian Academy

Private | KG - 8
0

Akron Preparatory School

Public | KG - 8
0

Bridges Learning Center

Public | KG - 8
0

Chapel Hill Christian School - Green Campus

Private | PK - 6

Middle Schools 4

1

East Community Learning Center

Public | 7 - 12
0

Akron Opportunity Center

Public | 6 - 8
0

Kent Middle School

Public | 6 - 8
0

Phoenix School

Private | 6 - 12

High Schools 3

1

Garfield High School

Public | 9 - 12
0

Akron Alternative Academy

Public | 11 - 12
0

Archbishop Hoban High School

Private | 9 - 12

School and business data provided by Attom Data.