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Key Details
Sold Price $140,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,541 sqft
Price per Sqft $90
Subdivision Voris & Steinbachers Allotmen
MLS Listing ID 4423073
Sold Date 03/27/23
Bedrooms 4
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 1,541
Year Built 1909
Annual Tax Amount $1,420
Lot Size 2,034 Sqft
Acres 0.0467
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
Laundry In Unit
Exterior
Garage Paved
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Parking Type Paved
Building
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Akron Csd - 7701
Others
Tax ID 6842673
Financing Conventional
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Bought with Robert J Cole • RE/MAX Above & Beyond
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