About This Home

This 5-bedroom, 2-bathroom single family at 559 E Exchange Street in Akron, OH is listed for $115,000 ($86 per sqft). Built in 1906, the home offers 1,344 sqft of living space on a 0.06 acres lot.

Key Features

  • Built in 1906
  • 0.06 acre lot
  • 3 stories

Property Details

3 stories
2 full
1906

Amenities

A/C
Listing Description

Whether you're looking to expand your investment portfolio or searching for an affordable place to call home, this spacious 5-bedroom, 2-full-bath Colonial offers exceptional value just a few blocks from The University of Akron. Its prime location makes it an attractive option for student housing, with a proven rental history.

A previous owner successfully rented the home by the bedroom at approximately $400 per room per month, with tenants sharing the kitchen, bathrooms, living room, and basement. The property was leased as a single-family residence for $1,300 per month. With five generously sized bedrooms, flexible living space, and strong income-producing potential, this property offers multiple investment strategies.

Many updates to include new HVAC, some newer windows and doors, 2 remodeled bathrooms and newer kitchen. All stainless steel kitchen appliances stay too! Continue using it as a student rental, lease it as a traditional single-family home, or make it your own owner-occupied residence. Conveniently located near campus, downtown Akron, restaurants, shopping, and major highways, this is an opportunity you won't want to miss!

Monthly Cost Estimate

$615/mo

20% down · 6.5% · 30 years

Principal$83
Interest$498
Insurance$34

Estimates only. Actual payments may vary.

Location

559 E Exchange Street

Akron, OH 44306

Rubber Workers

Property Details

Construction

VinylSiding

Parking

Paved or SurfacedGarage

Heating

Natural GasForced Air

Cooling

Central Air

Questions & Answers

This 5-bedroom, 2-bathroom single family at 559 E Exchange Street is listed at $115,000 ($86/sqft). The estimated monthly payment is $616 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1906, 0.06 acre lot, 3 stories.

This property is listed by Jodi L Mignano and can be reached at 3303389047.

JM

Jodi L Mignano

Agent at Keller Williams Chervenic Rlty

(330) 338-9047

Listed by Keller Williams Chervenic Rlty · View on Broker Site

MLS# 5232579· Source: listhub· 1 day on market

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559 E Exchange Street, Akron, OH 44306

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