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53-57 E Exchange Street
Akron, OH 44308

$450,000 - Status: Active
MLS# 5189854

Prime Investment Opportunity Mixed-Use Commercial Property with Strong Upside Potential! Don't miss this exceptional mixed-use building featuring 7 residential row apartments (6 occupied and 1 vacant) and 3 commercial storefront units (2 Vacant/1 occupied, offering immediate income with significant value-add opportunity. Seller is currently collecting $3180/mo in rent monthly! This well-positioned property provides a versatile investment opportunity for both seasoned investors and those looking to expand their portfolio. The residential component includes 5 currently rented apartments, generating steady cash flow, with 1 vacant unit ready for lease or owner occupancy. The remaining apartment offers additional flexibility depending on your strategy. The commercial portion consists of 3 storefront units, with 1 currently occupied and 2 vacant spaces, presenting an excellent opportunity to increase rental income and boost overall returns. With multiple income streams and vacancy upside, this property is ideal for investors seeking to stabilize and maximize value through strategic leasing. The mix of residential and commercial tenants provides built-in diversification and long-term growth potential. Whether you're looking to expand your portfolio, reposition an asset, or secure a multi-unit property with income already in place, this mixed-use building delivers opportunity and flexibility. Schedule your private showing today and explore the possibilities this investment property has to offer!

Property Features

MLS#: 5189854
Zip: 44308
Subdivision: South Akron Allotment
Development: Akron
Property Type: Commercial - Business
Basement: Full, Unfinished, Walk-Out Access
Basement: Yes
Cooling: None, Wall/Window Unit(s)
Days on Site: 47
Heating: Gas, Radiant
Lot Size: 0.11 acres
Roof Type: Asphalt, Fiberglass
Taxes: $4,510 / year
Year Built: 1915

Feature Descriptions

Building Features: Private Restrooms
Fencing: None
Parcel#: 6702029
Parking: None
Sewer: Public Sewer
Units: 3
Water: Public

Local Schools

School District: Akron City

53-57 E Exchange Street | MLS# 5189854

This commercial property located at 53-57 E Exchange Street, Akron, OH 44308 is currently listed for sale with an asking price of $450,000. 53-57 E Exchange Street is located within the Akron City school district. Search Akron real estate on www.greatmoverealty.net today.

Listed By / Shown By

Listed By

Agency Name: RE/MAX Edge Realty
Agency Contact: amercier@amhghomes.com, 330-977-5798

Shown By

Agency Title: Great Move Realty
Agency Phone: (330) 624-9605

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