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Key Details
Sold Price $360,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,595 sqft
Price per Sqft $78
Subdivision Voris & Steinbacher
MLS Listing ID 4357029
Sold Date 09/27/22
Bedrooms 13
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 4,595
Year Built 1919
Annual Tax Amount $4,438
Lot Size 0.385 Acres
Acres 0.3853
Property Description
The Golden Goose of Akron University rentals! Two blocks from campus! Turn key operation. 12% cap rate as is! One of the homes rent due for an increase in July. Sale includes one duplex and two single family homes with a two car detached garage. On over 38% of an acre with three separate parcel numbers. Over abundance of off street parking with 18 spots not including the two car garage- they are actual parking spots to leave the driveways clear. Owner pays NOTHING but taxes and insurance. Rents are prepaid four months in advance so only collect three times a year! All roofs replaced 2010 and 2012. All buildings come fully applianced including washers and dryers. 533 and 539 have furnished living rooms with outdoor furniture. All the electric and plumbing have been updated. 533 also has new bathroom 2021. All kitchens and baths have been updates. All new water mains replaced street to house. NEVER any vacancies. Tenants enjoyed large private yard with shade trees and firepit. Directly across the street from Boss Park. See supplements for financials. Nets over $43,000 annually!! Start making money today!!
Location
State OH
County Summit
Community Park
Direction West
Rooms
Basement Full
Interior
Heating Electric, Forced Air, Gas
Cooling None
Fireplace No
Appliance Dryer, Range, Refrigerator, Washer
Laundry In Unit
Exterior
Garage Detached, Garage, Unpaved
Garage Spaces 2.0
Garage Description 2.0
Fence Partial, Privacy, Wood
Community Features Park
View Y/N Yes
Water Access Desc Public
View Park/Greenbelt
Roof Type Asphalt,Fiberglass
Accessibility None
Building
Lot Description City Lot
Faces West
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Akron Csd - 7701
Others
Tax ID 6738789
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Katie R Nicholl • Keller Williams Chervenic Rlty