For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $130,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,733 sqft
Price per Sqft $75
Subdivision Voris
MLS Listing ID 4423085
Sold Date 03/27/23
Style Colonial
Bedrooms 5
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 1,733
Year Built 1914
Annual Tax Amount $1,592
Lot Size 2,748 Sqft
Acres 0.0631
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
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 Two
Sewer Public Sewer
Water Public
Architectural Style Colonial
Level or Stories Two
Schools
School District Akron Csd - 7701
Others
Tax ID 6713706
Financing Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Robert J Cole • RE/MAX Above & Beyond
GET MORE INFORMATION