Excellent investment opportunity in Akron! This fully rented quadruplex generates impressive cash flow with a gross monthly rent of $32,875 and annual expenses of just $12,935, which includes a professional property management company already in place. With a capitalization rate of 11.25%, this property is a proven moneymaker-ideal for both new and experienced investors. The building features four separate units: two 2-bedroom units, one 1-bedroom unit, and one 3-bedroom unit. Each unit has its own furnace, allowing tenants to control their own heat. The owner pays all utilities and owns all appliances, ensuring smooth operation and tenant satisfaction. This is a turnkey opportunity to own a high-performing asset in a solid rental market. Don't miss your chance to add this income-producing property to your portfolio!
Sold for $190,000 on 05/20/25
$190,000
1200 Florida Ave, Akron, OH 44314
8beds
4,344sqft
Quadruplex, Multi Family
Built in 1915
-- sqft lot
$191,800 Zestimate®
$44/sqft
$1,007 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: May 20, 2025 at 10:53am
Listed by:
Shannon Hornacek shannonhornacek@howardhanna.com330-858-8865,
Howard Hanna
Bought with:
Bryan C Garra, 2017001083
EXP Realty, LLC.
Source: MLS Now,MLS#: 5115426Originating MLS: Akron Cleveland Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air, Gas
Cooling
- None
Appliances
- Included: Range, Refrigerator
Features
- Basement: Full
Interior area
- Total structure area: 4,344
- Total interior livable area: 4,344 sqft
- Finished area above ground: 4,344
Property
Parking
- Parking features: None
Features
- Levels: Two
- Stories: 2
Lot
- Size: 3,484 sqft
Details
- Parcel number: 6804530
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Brick
- Roof: Slate
Condition
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Akron
- Subdivision: Shadyside
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
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Estimated market value
$191,800