41 South Bates Street

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41 South Bates Street

Akron, OH 44303
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for purchase in Akron, Ohio
  • Located at 41 South Bates Street within the 44303 zip code
  • Strategically positioned to serve residential demand in a regional hub
  • Asset type suitable for investors expanding their multifamily housing portfolio
  • Proximity to major regional transportation infrastructure and local city amenities

What's Special

For sale, this multifamily apartment building at 41 South Bates Street represents a functional acquisition for investors targeting the Akron, Ohio market. Situated in a region known for its industrial heritage and ongoing urban revitalization, the property serves as a stable residential asset in a key submarket. Akron remains a significant hub in Northeast Ohio, benefiting from its proximity to major interstate highways and its role in the broader regional economy. The density of the local population and the consistent demand for rental housing make this location a logical choice for those looking to expand a residential portfolio. Given the layout and zoning typical of this area, the building is well-positioned to serve long-term tenants seeking proximity to city amenities. Investors will find this asset provides a straightforward opportunity to participate in the local multifamily sector, catering to the ongoing need for diverse and reliable housing options throughout the city.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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