For more information regarding the value of a property, please contact us for a free consultation.
599-609 Sherman ST Akron, OH 44311
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
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
Read Less
Bought with Brett M Walchalk • Russell Real Estate Services