Akron, OH 44320,545 East AVE
Akron, OH 44320,545 East AVE
Akron, OH 44320,545 East AVE
10
$37,000
$47,000
21.3%
Est.Price: ?

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4 BD
1 BA
1,524 SqFt

545 East AVE Akron, OH 44320

Est. payment /mo
SOLD DATE : 01/24/2022

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Key Details

Sold Price $37,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 1,524 sqft

Price per Sqft $24

Subdivision Hill & Kirk

MLS Listing ID 4320034

Sold Date 01/24/22

Style Colonial

Bedrooms 4

Full Baths 1

HOA Y/N No

Abv Grd Liv Area 1,524

Year Built 1893

Annual Tax Amount $688

Lot Size 5,749 Sqft

Acres 0.132

Property Sub-Type Single Family Residence

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!!

This individual property has 4 Rental Rooms. All 4 are rented at the time of listing.

Location

State OH

County Summit

Rooms

Basement Common Basement, Full, Unfinished

Main Level Bedrooms 1

Interior

Heating Forced Air, Gas

Cooling Central Air

Fireplace No

Appliance Dryer, Range, Refrigerator, Washer

Exterior

Parking Features No Garage, Paved

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Porch Deck

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 6710616

Financing Cash

Read Less


Listed by David S Callander • Century 21 Carolyn Riley RL Est. Srvcs.
Bought with Tami McDiffitt • Howard Hanna

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agent

Daniel Somerville

Team Leader | License ID: SAL.2015004291

+1(330) 475-8118

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