220-222 Nieman Street, Akron, OH 44305

Property Description

Property will be sold AS IS and ALL buyers are required to review and accept the home inspection prior to setting up a showing as a courtesy to the tenants. AS IS Investment opportunity with occupants currently in two of the units. Cash buyers only, please. This 3 unit property near Summa Hospital is made up of 2 buildings. One building (222 Nieman) has two units with one unit on each floor. The upstairs unit has a private exterior staircase to access the 2 bedroom one bath apartment. The kitchen includes a range and refrigerator which will transfer to the buyer. The upstairs unit is month to month and rents for $440 per month and the tenant pays all utilities (gas, electric, water, sewer, trash) and has been at the property since January 2025, although he previously rented here as well. The first floor unit at 222 is also a 2 bedroom, 1 bathroom with a kitchen that includes a range and refrigerator that will transfer to the buyer. The first floor is also month to month and rents for $475 and pays all utilities (gas, electric, water, sewer, trash) and has been at the property for 4+ years. There is also a basement with exterior access at the rear of the building which has laundry hookup. The small house out back (220 Nieman) is a 2 bedroom, 1 bath property with full basement that includes washer/dryer hookup. Both properties are in need of work and are priced accordingly, but they provide a great opportunity to build equity and add a third tenant. The small house in the back is currently vacant but believed to previously be rented out for $500. The first floor tenant takes care of the yard maintenance. All utilities are separate. The furnaces are believed to be less than 10 years old, Hot Water Tanks around 7-8 years old and roofs believed to be in the past 10-12 years. All ages are estimated and not guaranteed. Property being sold AS IS. SQ ft of the small house is 488 and the 2 unit total SQ ft is 1534. SQ ft displayed is a combination of both buildings.