228 Cole AvenueAkron, OH 44301

228 Cole AvenueAkron, OH 44301

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$149,000 Pending
Commercial - Business MLS 5185197 Pending

Listed By

Agency Name: Family First Real Estate and Property Management LLC
Agency Contact: 330-958-0790, vyronef@gmail.com

Shown By

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

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Property Description

This solid brick multi-unit building features four spacious one-bedroom apartments spread across three levels. With good bones and a fantastic view, this property is a prime investment opportunity. The building does require some updates, allowing you to add your personal touch and increase its value. The boiler system was recently updated just four years ago, ensuring efficiency and reliability. Just so you know, showings will be conducted on a need-to-know basis, as two units are currently rented and we want to respect their privacy.

228 Cole Avenue | MLS# 5185197

This commercial property located at 228 Cole Avenue, Akron, OH 44301 is currently listed for sale with an asking price of $149,000. Cole Avenue is located within the Akron City school district. Search Akron real estate on 9590shawneetrail.cutlerhomes.com today.

Property Features

Property Type: Commercial - Business
Basement: Apartment
Basement: Yes
Days on Market: 6
Heating: Forced Air
Lot Size: 0.13 Acres
Roof Type: Asphalt, Fiberglass
Taxes: $5,500 / year
Year Built: 1928

Feature Descriptions

Parcel#: 6746975
Sewer: Public Sewer
Water: Public

Local Schools

School District: Akron City

Demographics

Summit County Demographic Information for 228 Cole Avenue, Akron, OH 44301
Fips
Fips Code 39153
Population
2020 to 2023 Change down 0.9%
2010 Count 541,781
2020 Count 540,428
2023 Estimate (V2023) 535,733
2020 Estimate (V2023) 540,429
Age Distribution (Years Old)
0 to 4 5.2%
5 to 17 20.5%
18 to 64 54.6%
65 and Older 19.7%
Gender
Male 48.8%
Female 51.2%
Place of Birth
Foreign 5.5%
US 94.5%
Education
High School Graduate, Age 25+ 92.5%
Bachelor's Degree or Higher, Age 25+ 34.6%
Computer and Internet use
Households with a computer 93.6%
Households with a broadband Internet subscription 89.4%
Language
English is Second Language, Age 5+ 6.8%
English is First Language, Age 5+ 93.2%
Veterans
Veterans 27,960
Income
Per Capita Income $40,786
Median Household Income $68,360
People in Poverty 12.6%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 247,173
Households 228,635
Average Household Size 2.32
Owner-Occupied 66.9%
Multi-Family 22.4%
Owner-Occupied Median Value $182,500
Median selected monthly owner costs -with a mortgage $1,405
Median selected monthly owner costs -without a mortgage $562
Median gross rent $956
Building Permits
New Private Housing Issued 2023 685
Years at Residence
1 Year or More 87.9%
Less Than 1 Year 12.1%
Business and Employment
Private non-farm Establishments 13,393
Private non-farm Employment 241,278
Private non-farm Employment Growth down 0.8%
Nonemployer Establishments 42,765
Number of Firms 48,524
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