Akron, OH 44320,339 Hillwood DR
Akron, OH 44320,339 Hillwood DR
Akron, OH 44320,339 Hillwood DR
Akron, OH 44320,339 Hillwood DR
Akron, OH 44320,339 Hillwood DR
Akron, OH 44320,339 Hillwood DR
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$117,000

$124,900

6.3%
Est.Price: ?

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Est. payment /mo

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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Listed by Tal Tamir • Russell Real Estate Services • tal@premierclevelandinvesting.com 216-870-8687
Bought with Noel Hall • Keller Williams Citywide
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