559 E Exchange Street, Akron, OH 44306

Property Description

Whether you're looking to expand your investment portfolio or searching for an affordable place to call home, this spacious 5-bedroom, 2-full-bath Colonial offers exceptional value just a few blocks from The University of Akron. Its prime location makes it an attractive option for student housing, with a proven rental history. A previous owner successfully rented the home by the bedroom at approximately $400 per room per month, with tenants sharing the kitchen, bathrooms, living room, and basement. The property was leased as a single-family residence for $1,300 per month. With five generously sized bedrooms, flexible living space, and strong income-producing potential, this property offers multiple investment strategies. Many updates to include new HVAC, some newer windows and doors, 2 remodeled bathrooms and newer kitchen. All stainless steel kitchen appliances stay too! Continue using it as a student rental, lease it as a traditional single-family home, or make it your own owner-occupied residence. Conveniently located near campus, downtown Akron, restaurants, shopping, and major highways, this is an opportunity you won't want to miss!