Akron, OH 44311,599-609 Sherman ST
Akron, OH 44311,599-609 Sherman ST
Akron, OH 44311,599-609 Sherman ST
21
$265,000
$285,000
7.0%
Est.Price: ?

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26 BD
10 BA
8,663 SqFt

599-609 Sherman ST Akron, OH 44311

Est. payment /mo
SOLD DATE : 10/16/2023

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Key Details

Sold Price $265,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 8,663 sqft

Price per Sqft $30

Subdivision Voris & Steinbacher

MLS Listing ID 4478538

Sold Date 10/16/23

Bedrooms 26

Full Baths 10

Construction Status Fixer

HOA Y/N No

Abv Grd Liv Area 8,663

Year Built 1884

Annual Tax Amount $14,614

Lot Size 10,528 Sqft

Acres 0.2417

Property Description

Attention all investors! This great opportunity awaits you. There are three parcels in all consisting of five buildings and two garages. These include two single family houses with four bedrooms each that are set up to lease per room at an estimated $400/room per month, a three unit apartment that has 1- 3 bedroom apartment, and 2- 1 bedroom apartments with an estimated gross rent of $2,100 per month, a second three unit apartment that consists of 2- 3 bedroom apartments, and 1- 1 bedroom apartment with an estimated market rent of $2,250 gross/month, and a 2 unit apartment with 3 bedrooms each and an estimated gross rent of $1,600/month. The electric meters are split on all buildings. The gas and water/sewer/trash is set up to be paid by the landlord. The properties need some work but the ARV is very generous with great cash flow. Total gross rent for all five buildings is over $9,150 plus per month with an ARV of about 3 times the asking price.

Location

State OH

County Summit

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Heating Forced Air, Gas

Cooling None

Fireplace No

Laundry None

Exterior

Garage Unpaved

Garage Spaces 2.0

Garage Description 2.0

Water Access Desc Public

Roof Type Asphalt,Fiberglass,Slate

Parking Type Unpaved

Building

Entry Level Two

Water Public

Level or Stories Two

Construction Status Fixer

Schools

School District Akron Csd - 7701

Others

Tax ID 6845914

Acceptable Financing Cash

Listing Terms Cash

Financing Conventional

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Listed by Brett M Walchalk • Russell Real Estate Services
Bought with Brett M Walchalk • Russell Real Estate Services

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Daniel Somerville

Team Leader | License ID: SAL.2015004291

+1(330) 475-8118

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