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Akron,OH 44314
Key Details
Property Type Single Family Home
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $56
MLS Listing ID 5115433
Bedrooms 6
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 3,600
Total Fin. Sqft 3600
Year Built 1925
Annual Tax Amount $3,132
Tax Year 2024
Lot Size 8,276 Sqft
Acres 0.19
Property Sub-Type Quadruplex
Property Description
Fantastic investment opportunity in Akron! This all-brick residential income property features four units-two 2-bedroom and two 1-bedroom apartments-plus a large 4-car garage that is rented separately for additional income. Three of the four units, along with the garage, are currently occupied by long-term tenants, providing stable cash flow. The property brings in a gross monthly rent of $31,505 with annual expenses totaling just $10,002, which includes an established property management company already in place. At the current price, the property offers a strong 10.49% capitalization rate. Owner pays water, sewer, gas, and trash, while tenants pay their own electric, which is separately metered. Recent updates within the past 3-4 years include roofs, two furnaces, a hot water tank, and more. This is a solid, low-maintenance investment in a desirable rental area-perfect for expanding your portfolio or getting started in multifamily investing.
Location
State OH
County Summit
Rooms
Basement Full
Interior
Heating Forced Air,Gas
Cooling None
Fireplace No
Appliance Range,Refrigerator
Exterior
Parking Features Electricity,Garage,Unpaved
Garage Spaces 4.0
Garage Description 4.0
Water Access Desc Public
Roof Type Rubber
Garage true
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 6804275
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional