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Key Details
Sold Price $45,900
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,485 sqft
Price per Sqft $30
Subdivision Lookout Heights
MLS Listing ID 4320032
Sold Date 03/01/22
Style Colonial
Bedrooms 6
Full Baths 1
HOA Y/N No
Abv Grd Liv Area 1,485
Year Built 1927
Annual Tax Amount $1,260
Lot Size 0.301 Acres
Acres 0.301
Property Description
AMAZING INVESTMENT OPPORTUNITY!!! This property is part of a portfolio of seven Rooming Houses that net over $100,000 profit EACH Year!! This portfolio of Investment Properties boasts a shocking Cap Rate of over 30%...This IS NOT a misprint! Each of these Rooming Houses has between 5-8 separate bedrooms that rent for $440 per month EACH....AND the entire portfolio averages 85% occupancy!!! Seller is looking to sell the entire Seven House Portfolio for $329,000 but is open to selling these properties individually as well. (See Broker Remarks for list of the other properties) ALL the work is already done...houses have been divided into separate rental rooms with universal access to Kitchen, Bathroom, and Basement Laundry for the tenants.,,,AND with each room renting at $440 a month and 5-8 rooms per property..do the math on what these Single Family Cash Cows bring in per month!! Don't miss your chance at this unique Investment Opportunity...These do not come around very often!!!
This individual property has 6 rental rooms. All 6 rooms currently rented at time of listing. This property has a Cap Rate of 46%. This property has additional fenced in lot that offers a spacious, park like setting for tenants!
Location
State OH
County Summit
Rooms
Basement Common Basement, Full, Unfinished
Main Level Bedrooms 3
Interior
Heating Forced Air, Gas
Cooling Central Air
Fireplaces Number 1
Fireplace Yes
Appliance Dryer, Range, Refrigerator, Washer
Exterior
Garage Detached, Garage, Unpaved
Garage Spaces 2.0
Garage Description 2.0
Fence Chain Link
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Porch Porch
Parking Type Detached, Garage, Unpaved
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 6810542
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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Bought with David Rudolph • Howard Hanna