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Key Details
Sold Price $120,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,452 sqft
Price per Sqft $82
Subdivision Voris & Steinbacher
MLS Listing ID 4423058
Sold Date 03/27/23
Style Colonial
Bedrooms 4
Full Baths 2
Half Baths 1
HOA Y/N No
Abv Grd Liv Area 1,452
Year Built 1899
Annual Tax Amount $1,926
Lot Size 0.261 Acres
Acres 0.2614
Property Description
Located in the heart of off campus houses, this a great opportunity to own 8 contiguous parcels as a package of turnkey University of Akron student rentals! The 26 bedroom package consists of 2 duplexes, 3 single family houses and 2 additional single family houses each with 2 kitchens that could easily be converted into duplexes.There is also a large 16 space parking lot.
Annual Income of $119,340, Utilities $7,992, Insurance $3,996, Tax $11,544, Lawn $2,802, Repair $2,493. Net Operating Income $88,053
Currently leased through July 2023; owner is in the process of renewing leases through July 2024.
Fantastic cash flow opportunity!!
Location
State OH
County Summit
Rooms
Main Level Bedrooms 1
Interior
Heating Forced Air, Gas
Cooling None
Fireplaces Number 1
Fireplace Yes
Exterior
Garage Detached, Garage, Paved
Garage Spaces 1.0
Garage Description 1.0
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Building
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Colonial
Level or Stories Two
Schools
School District Akron Csd - 7701
Others
Tax ID 6745023
Financing Conventional
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Bought with Robert J Cole • RE/MAX Above & Beyond
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