840 Work Drive Akron, OH 44320

840 Work Drive Akron, OH 44320

1/42 Fullscreen
$99,500 Active
Multi Unit - Multiple MLS 5212248 New to the Market
5 beds 2 full baths 1 partial baths 2,880 sqft

Listed By

Agency Name: Coldwell Banker Schmidt Realty
Agency Contact: thefrederickteam@gmail.com, 216-210-7653

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Attention investors & owner-occupied buyers looking for an affordable duplex opportunity w/immediate income potential! Units have been remodeled & is currently rented to an excellent long-term tenant for $875 per month, while the vacant first-floor unit offers the opportunity for owner occupancy or additional rental cash flow after a few minor updates. Perfect first investment property or a great addition to your current portfolio. Professionally managed property has been part of the owner's real estate portfolio for over 20 years and offers quality updates throughout, a fenced yard, large driveway with ample parking and a relaxing front porch. First-floor unit is easy to show and features 2 bedrooms, spacious light-filled rooms & solid overall condition, but does need some cosmetic updates from a prior minor plumbing leak. Occupied second-floounit shows beautifully & offers 2 finished levels w/3 bedrooms & 2 full baths, creating excellent rental appeal & strong long-term income potential. Full basement provides additional storage and utility space. Excellent opportunity for investors seeking stable income w/upside potential or owner-occupants looking to offset their mortgage with rental income. Affordable pricing makes this a smart investment in today's market. First-floor unit available for showings. Second-floor tenant-occupied unit may be shown after accepted offer. No wholesalers, no owner financing and qualified buyers only please.

840 Work Drive | MLS# 5212248

This multi-family property located at 840 Work Drive , Akron, OH 44320 is currently listed for sale with an asking price of $99,500. Work Drive is located within the Akron City school district. Search Akron real estate on 390blaircircle.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Common Basement, Full, Unfinished
Cooling: None
Days on Market: 1
Heating: Forced Air, Gas
Lot Size: 0.13 Acres
Roof Type: Asphalt
Stories: 3.0
Taxes: $1,732 / year
Year Built: 1914

Feature Descriptions

Exterior: Wood Siding
Laundry: In Basement
Parcel#: 6825243
Parking: On Street
Sewer: Public Sewer
Water: Public

Local Schools

School District: Akron City

Demographics

Summit County Demographic Information for 840 Work Drive , Akron, OH 44320
Fips
Fips Code 39153
Population
2020 to 2025 Change down 0.4%
2010 Count 541,781
2020 Count 540,428
2025 Estimate (V2025) 538,376
2020 Estimate (V2025) 540,429
Age Distribution (Years Old)
0 to 4 5.2%
5 to 17 20.4%
18 to 64 54.2%
65 and Older 20.2%
Gender
Male 48.7%
Female 51.3%
Place of Birth
Foreign 6.0%
US 94.0%
Education
High School Graduate, Age 25+ 92.8%
Bachelor's Degree or Higher, Age 25+ 35.8%
Computer and Internet use
Households with a computer 95.4%
Households with a broadband Internet subscription 91.6%
Language
English is Second Language, Age 5+ 7.3%
English is First Language, Age 5+ 92.7%
Veterans
Veterans 25,976
Income
Per Capita Income $43,061
Median Household Income $71,622
People in Poverty 13.3%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 247,173
Households 231,267
Average Household Size 2.29
Owner-Occupied 67.5%
Multi-Family 22.4%
Owner-Occupied Median Value $208,700
Median selected monthly owner costs -with a mortgage $1,470
Median selected monthly owner costs -without a mortgage $599
Median gross rent $1,026
Building Permits
New Private Housing Issued 2024 1,082
Years at Residence
1 Year or More 88.9%
Less Than 1 Year 11.1%
Business and Employment
Private non-farm Establishments 13,309
Private non-farm Employment 249,827
Private non-farm Employment Growth down 0.8%
Nonemployer Establishments 43,820
Number of Firms 9,566
Business Production
Value of Shipments $9,410,730,000
Wholesale Trade $9,120,214,000
Retail Trade $8,582,177,000
Retail Sales Per Capita $15,606
Accommodation and Food Services $1,190,062,000
Land
Land Area 412.75 sq. miles
Population Per Square Mile 1,313

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 684.36 per month $511.00 Principal & Interest $144.33 Property Tax $29.02 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage