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Key Details
Sold Price $110,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,044 sqft
Price per Sqft $105
Subdivision Voris & Teinbachers Add
MLS Listing ID 4423111
Sold Date 03/27/23
Style Ranch
Bedrooms 1
Full Baths 1
HOA Y/N No
Abv Grd Liv Area 1,044
Year Built 1883
Annual Tax Amount $1,502
Lot Size 8,250 Sqft
Acres 0.1894
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 3
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Garage No Garage, Paved
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Parking Type No Garage, Paved
Building
Entry Level One
Water Public
Architectural Style Ranch
Level or Stories One
Schools
School District Akron Csd - 7701
Others
Tax ID 6738945
Financing Conventional
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Bought with Robert J Cole • RE/MAX Above & Beyond
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