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545 East AVE Akron, OH 44320
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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
Bought with Tami McDiffitt • Howard Hanna