Great no-risk investment opportunity. On one side Summa (hospital) is growing, on another - The University of Akron. At the same time, you will be able to rent this house to students as easy as 1,2,3. Since 2004, I always had this house fully rented. This house has 3 units. Two units - 3 bedrooms/1 bathroom each. One unit - one bedroom/one bathroom. Everything is in good working condition. The house has dry basement (a perimeter drain), no galvanized water line left (all is copper or PVC), the drain pipes are all PVC down to the underground hook up. There are 2 washers and 2 dryers hooked up. This house is a good moneymaker. I was renting one 3bdr. unit for $990 per month (utilities included), 3bdr unit for $650 per month (utilities not included) and $550 per month for 1bdr unit (utilities included). That is $2190 per month. All bills are current, no assessments, no back taxes. This house is clean, clear and ready to go. Currently, I have three leases signed. Don't hesitate to contact me for showing.
I have other houses for sale. Please see the related craigslist ad.
The reason I am selling those houses is because I moved to another state.
It's within walking distance from the University of Akron, Summa, CVS and Dave's. Peaceful area (comparing to Exchange street with all those robberies, etc.).
- Lot: 4,416 sqft
- Multi Family
- Built in 1914
- Views: 782 all time views
- Cooling: None
- Heating: Forced air
- Last sold: Dec 2012 for $77,000
- Last sale price/sqft: $26
- Parking: 0 space
- Unfinished basement
- Exterior material: Composition, Vinyl
- Roof type: Asphalt
- Room count: 16
- Stories: 3
- Structure type: Other
- Unit count: 3
- Floor size: 3,000 sqft
- Last remodel year: 2005
- Laundry: In Unit
- Lot depth: 96
- Lot width: 46
- Parcel #: 6846385
- Zillow Home ID: 81722753
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Homes like this sold for $47-137K.
Neighborhood: University of Ohio Akron
Foreclosures will be a factor impacting home values in the next several years. In University of Ohio Akron, the number of foreclosures waiting to be sold is 13% lower than in Akron, and 98.1% greater than the national average. This lower local number could help University of Ohio Akron home values rise more quickly than other regions in Akron.
Learn more about forecast calculations or University of Ohio Akron home values.
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