Discover a charming c.1925 two-bedroom Tudor Revival home in Akron, Ohio, perfect for investors and renters seeking affordability and character.
Classic Features with Modern Updates
This historic Ohio property blends original charm with practical improvements. Hardwood floors and a cozy gas fireplace preserve the Tudor Revival aesthetic, while vinyl plank flooring adds durability and style. Recent updates to the roof and utilities ensure reliable living conditions, creating a turnkey experience for new owners.
Investment Potential in Akron's Affordable Market
At an asking price of $58,500, this home stands out in Akron’s competitive but affordable real estate market. With median home prices near $228,000 and rental rates ranging from $799 to $1,099, investors can expect strong demand from budget-conscious tenants targeting quality housing options.
Appealing Location Near Cultural and Recreational Amenities
The property's location offers accessibility to key community attractions. Residents benefit from proximity to the Akron Art Museum, enhancing cultural experiences, while outdoor enthusiasts enjoy close access to Cuyahoga Valley National Park’s natural beauty. These amenities contribute to a high quality of life that appeals to a broad tenant base.
Economic and Educational Factors Supporting Growth
Akron's diverse economy is supported by several sectors and educational institutions such as the University of Akron. This environment fosters job creation and attracts a steady population of students and professionals. Such dynamics position real estate investments in the city for potential appreciation and consistent occupancy.
Functionality and Convenience with Garage and Utilities
The included one-car garage adds practical value for tenants or owners, providing secure parking and storage. Coupled with the recent upgrades to essential utilities and the roof, the property minimizes immediate maintenance concerns, allowing investors to focus on long-term management and returns.
Understanding Akron’s Real Estate Appeal
Akron combines affordability with an attractive lifestyle, making it appealing for investors seeking accessible entry points into the housing market. The balance of cultural amenities, natural settings, and economic stability creates a sustainable environment for rental demand.
Why This Home Suits Turnkey Rental Strategies
Buyers seeking properties requiring minimal initial work will appreciate this home’s condition and features. The mix of original charm and practical upgrades reduces the need for costly renovations, enabling quicker tenant placement and cash flow generation in investment portfolios.
This Ohio Tudor Revival home in Akron exemplifies the intersection of budget-friendly investment, community appeal, and long-term growth potential, making it a valuable option for both new and seasoned real estate investors.