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About This Home

This 6-bedroom, 2-bathroom residential multi family at 656 Hammel Street in Akron, OH is listed for $139,900 ($70 per sqft). Built in 1933, the home offers 1,995 sqft of living space on a 0.11 acres lot.

Agent Description

Turnkey, cash-flowing duplex in East Akron! This fully updated and rent-ready property is an excellent opportunity for both investors and owner-occupants looking to offset their mortgage with rental income. The exterior features a newer dimensional shingle roof, low-maintenance vinyl and aluminum siding, and a detached 1.5-car garage.

Inside, both units have been thoughtfully updated with vinyl replacement windows, new LVP flooring, fresh carpet in all bedrooms, updated bathrooms with new vanities and shower surrounds, and modern finishes throughout. The first-floor unit boasts a beautifully updated kitchen with new cabinets and countertops, plus an enclosed front porch for additional convenience.

Adding character rarely found in rental properties, the dining rooms feature custom built-in wood shelving with leaded glass cabinet doors. The second-floor unit includes an enclosed porch and offers even more living space with a finished third-floor bedroom and bonus tandem room-perfect for a home office, walk-in closet, or additional flex space.

Newer furnaces and updated 100 amp panels add to the value of this house as a ready to go investment property. The upper unit already has a tenant preparing to move in, providing immediate income potential, wile the first floor is turnkey and ready for you to place your own tenant.

With current Section 8 payment standards allowing up to $1,142 per month for a 2-bedroom unit, this property offers strong cash-flow potential and is positioned to be a true cash cow for the next owner. Whether you're looking to expand your portfolio or secure a low-maintenance investment with major updates already completed, this East Akron duplex is ready to start generating returns from day one.

Key Features

  • Built in 1933
  • 0.11 acre lot
  • 3 stories

Property Details

3 stories
2 full
1933

Monthly Cost Estimate

$748/mo

20% down · 6.5% · 30 years

Principal$101
Interest$606
Insurance$41

Estimates only. Actual payments may vary.

Location

656 Hammel Street

Akron, OH 44306

Brown

Property Details

Construction

AluminumSiding VinylSiding

Parking

Garage

Heating

Natural Gas

Questions & Answers

This 6-bedroom, 2-bathroom residential multi family at 656 Hammel Street is listed at $139,900 ($70/sqft). The estimated monthly payment is $606 based on 20% down at 6.5% interest.

Key features include: Built in 1933, 0.11 acre lot, 3 stories.

This property is listed by Ian Grame and can be reached at 2168821056 or iangrameREALTOR@gmail.com.

IG

Ian Grame

Agent at Key Realty

(216) 882-1056

Listed by Key Realty · View on Broker Site

MLS# 5220468· Source: listhub· Updated 2 days ago

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656 Hammel Street, Akron, OH 44306

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