$117,000
$124,900
6.3%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2 Baths
2,050 SqFt
SOLD DATE : 10/29/2024
Key Details
Sold Price $117,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,050 sqft
Price per Sqft $57
Subdivision Parkwood Allotment/W C Johnson
MLS Listing ID 5068574
Sold Date 10/29/24
Bedrooms 3
Full Baths 2
Construction Status Updated/Remodeled
HOA Y/N No
Abv Grd Liv Area 2,050
Year Built 1918
Annual Tax Amount $1,524
Tax Year 2023
Lot Size 5,601 Sqft
Acres 0.1286
Property Description
Seize this fantastic opportunity to own a fully occupied duplex in Akron's booming rental market! This property features a 1-bedroom unit rented for $745 on a lease until 4/30/2025 and a 2-bedroom unit on a month to month lease rented for $795, bringing in just shy of $20,000 per year in rent. Tenants handle gas and electric, while the owner covers water and sewer—making it a low-maintenance investment. With a cap rate exceeding 10% at the asking price, this is a cash-flowing dream! The property is in outstanding shape with a 2019 roof, brand-new exterior stairs, fresh flooring and carpet in the upstairs unit, newer siding, and more. Currently self-managed by the owner, offering an easy, turnkey investment in a high-demand location with additional upside! *Summit County Auditor's website states that there are 4 total bedrooms while the owner states that there are 3 total bedrooms. Can be purchased with 399 N Thomas Rd / Parcels: 60-05811 & 60-05807 and 150 S Portage Path / Parcel: 6828453.
Location
State OH
County Summit
Rooms
Basement Full
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Garage Driveway, Detached, Garage, On Site
Garage Spaces 2.0
Garage Description 2.0
Waterfront No
Water Access Desc Public
Roof Type Shingle
Parking Type Driveway, Detached, Garage, On Site
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Construction Status Updated/Remodeled
Schools
School District Akron Csd - 7701
Others
Tax ID 6703366
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Noel Hall • Keller Williams Citywide
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
8750 Cleveland Ave NW, North Canton, Ohio, 44720-8207, USA