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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

    List your home for rent

    $1,007/mo

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    $1,007/mo

    Rent Zestimate®

    Refinance and save

    $1,234/mo

    Est. payment

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    $1,234/mo

    Est. payment

    What's special

    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!

    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