1040 Berwin Street, Akron, OH 44310

Property Description

Value-add investment opportunity in Akron's North Hill neighborhood! This spacious, legally recognized triplex offers approximately 2,800 square feet of living space with a total of 5 bedrooms and 3 bathrooms. Owned by the same owner for 32 years, the property is now completely vacant and ready for its next chapter. Featuring generously sized units, this property presents an excellent opportunity for an investor to make improvements and establish three separate rental income streams. Historically, the owner rented the second and third floors together to accommodate larger households, but the property offers the potential to operate as three individual rental units. The third floor features electric heat, while the second and third floors share a hot water tank. The property would benefit from cosmetic updates and general refreshing rather than a full-scale renovation. With no existing tenants to work around, the next owner has the flexibility to complete improvements and position the property for future rental income. Bring your vision and unlock the potential of this North Hill multifamily property! PLEASE NOTE: End buyers only. No wholesalers or contract assignments permitted. Seller financing, subject-to financing, and other creative financing arrangements will not be considered. Cash and conventional financing offers welcome.