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12 Lake ST Akron, OH 44301
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Key Details
Sold Price $68,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,160 sqft
Price per Sqft $31
Subdivision Miller & Long Allotment
MLS Listing ID 5115860
Sold Date 06/06/25
Bedrooms 4
Full Baths 3
Construction Status Fixer
HOA Y/N No
Abv Grd Liv Area 2,160
Year Built 1920
Annual Tax Amount $2,160
Tax Year 2023
Lot Size 6,150 Sqft
Acres 0.1412
Property Sub-Type Triplex
Property Description
Akron Triplex – Prime Investment Opportunity!
This value-add property offers immediate income with significant upside potential. The lower unit is a 2-bedroom, 1-bath, currently tenant-occupied, Section 8 compliant, and generating $772/month on a month-to-month lease. The two upstairs units are both 1-bedroom, 1-bath and are currently vacant—perfect for renovation and increased rental income. Each unit is separately metered for gas and electric, making tenant management simple and efficient. With some updates, this triplex could deliver excellent cash flow in a high-demand rental area. Sold As-Is.
Location
State OH
County Summit
Rooms
Basement None
Interior
Heating Electric
Cooling Central Air
Fireplace No
Exterior
Parking Features Asphalt
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Story 2
Sewer Other
Water Public
Level or Stories Two
Construction Status Fixer
Schools
School District Akron Csd - 7701
Others
Tax ID 6818742
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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Bought with Gypsy Smolsky • Real of Ohio