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Akron,OH 44314
Key Details
Property Type Single Family Home
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 4,344 sqft
Price per Sqft $44
Subdivision Shadyside
MLS Listing ID 5115426
Bedrooms 8
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 4,344
Total Fin. Sqft 4344
Year Built 1915
Annual Tax Amount $2,591
Tax Year 2024
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type Quadruplex
Property Description
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!
Location
State OH
County Summit
Rooms
Basement Full
Interior
Heating Forced Air,Gas
Cooling None
Fireplace No
Appliance Range,Refrigerator
Exterior
Parking Features None
Water Access Desc Public
Roof Type Slate
Garage false
Private Pool No
Building
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Akron Csd - 7701
Others
Tax ID 6804530
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional