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Key Details
Sold Price $41,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,100 sqft
Price per Sqft $37
Subdivision Voris
MLS Listing ID 4159953
Sold Date 02/07/20
Style Colonial
Bedrooms 3
Full Baths 1
HOA Y/N No
Abv Grd Liv Area 1,100
Year Built 1910
Annual Tax Amount $790
Lot Size 5,170 Sqft
Acres 0.1187
Property Description
ATTENTION INVESTORS! Welcome to 688 Sherman St, Akron, OH. Great opportunity to add a cash flowing property to your portfolio. This property is currently being used as a University of Akron rental with 3 bedrooms occupied combining for $1,125 a month. Owner pays utilities but has a $270 utility cap in place. This property could have a possible cap rate of 18% or a possible 47% cash on cash return! This property also comes with an additional parcel as well, so please note lot size and annual taxes reflect both parcels combined. Leases expire middle of July. Schedule your private showing today so you can make 688 Sherman St, Akron, OH your first or next investment property.
Location
State OH
County Summit
Rooms
Basement Finished
Interior
Heating Forced Air, Gas
Cooling Central Air
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 6707675
Financing Cash
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Bought with Dustin Purtan • Keller Williams Chervenic Rlty
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