Vision Sales Team

529-543 Gage Street

Akron , OH 44311

MLS#: 5186631

$699,000

Status: Active
Listing number: 5186631
Listing provided by: KMLK Realty
Listing agent phone: None
Last update: 18 hours ago
New on site 1 day ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1925

Sq.Footage

N/A

Rare opportunity to purchase a portfolio within walking distance to the University of Akron. The portfolio consists of 2 single family homes, 4 duplexes, and 2 residential vacant lots. 529 Gage is a single family that has 3 bedrooms and 1 bath. 531 Gage is a single family that has 5 bedrooms and 2 full bathrooms. 533, 535, 539, and 543 are duplexes with the same layout which features 2 bedrooms and 1 bath. All the units are side by side on the corner of Gage St and Goodkirk St. The residential lots provide an ample sized parking lot and the opportunity to build another unit. The units are under professional management. Currently there are two units vacant in one of the duplexes as the owner just replaced the roof and did interior updates. Market rent will be $795-825 each. Total gross collected rent on the other units is $6905 making projected rent $8495. Tenants pay all utilities including water/sewer. All the units have separate electric, gas, and water meters which is unique. There is a coin operated washer/dryer on location that was purchased in 2024. The owner pays for landscaping, $120, and trash, $137.94, monthly. Seller has provided work invoices for the last two years totaling over $86600 for work completed. Exterior walk arounds are permissible but do not disturb the tenants.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Heating YN

    YES

  • Heating

    Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    Parking Lot

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.674

  • Property Type

    Commercial Sale

  • Property Sub Type

    Mixed Use

Price

  • Sales Price

    $699,000

  • Tax Amount

    12790.93

  • Zoning

    Residential

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Akron CSD - 7701

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Summit

Elementary School

Akron CSD - 7701

Middle School

High School

Listing Courtesy of Laura Fraser , KMLK Realty

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Agent Austin Lape

AGENT

Austin Lape

Call Austin today to schedule a private showing.

(330) 808-6162

Austin@VisionSalesTeam.com


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Rare opportunity to purchase a portfolio within walking distance to the University of Akron. The portfolio consists of 2 single family homes, 4 duplexes, and 2 residential vacant lots. 529 Gage is a single family that has 3 bedrooms and 1 bath. 531 Gage is a single family that has 5 bedrooms and 2 full bathrooms. 533, 535, 539, and 543 are duplexes with the same layout which features 2 bedrooms and 1 bath. All the units are side by side on the corner of Gage St and Goodkirk St. The residential lots provide an ample sized parking lot and the opportunity to build another unit. The units are under professional management. Currently there are two units vacant in one of the duplexes as the owner just replaced the roof and did interior updates. Market rent will be $795-825 each. Total gross collected rent on the other units is $6905 making projected rent $8495. Tenants pay all utilities including water/sewer. All the units have separate electric, gas, and water meters which is unique. There is a coin operated washer/dryer on location that was purchased in 2024. The owner pays for landscaping, $120, and trash, $137.94, monthly. Seller has provided work invoices for the last two years totaling over $86600 for work completed. Exterior walk arounds are permissible but do not disturb the tenants.

529-543 Gage Street

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