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    316 Noah Avenue

    Akron, OH 44320
    • $47,000
    • STATUS: Active
    • ON SITE: 21 Days
    • MLS #: 4320012
    UPDATED: 51 min ago
    $47,000
    • 5
      BEDS
    • 0.12
      ACRES
    • 1
      BATHS
    • 1
      1/2 BATHS
    • 1,208
      SQFT
    • $39
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1924
    County:

    School Ratings & Info

    School District:
    Listing courtesy of Century 21 Carolyn Riley Rl Est. Srvcs..
    Listing information © 2021 YES-MLS.

    Description

    AMAZING INVESTMENT OPPORTUNITY!!! This property is part of a portfolio of seven Rooming Houses that net over $100,000 profit EACH Year!! This portfolio of Investment Properties boasts a shocking Cap Rate of over 30%...This IS NOT a misprint! Each of these Rooming Houses has between 5-8 separate bedrooms that rent for $440 per month EACH....AND the entire portfolio averages 85% occupancy!!! Seller is looking to sell the entire Seven House Portfolio for $329,000 but is open to selling these properties individually as well. (See Broker Remarks for list of the other properties) ALL the work is already done...houses have been divided into separate rental rooms with universal access to Kitchen, Bathroom, and Basement Laundry for the tenants.,,,AND with each room renting at $440 a month and 5-8 rooms per property..do the math on what these Single Family Cash Cows bring in per month!! Don't miss your chance at this unique Investment Opportunity...These do not come around very often!!!This individual property has 5 Rental Rooms, All five are currently rented at time of listing. Individual Cap Rate for this property is 26%.

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    Listing information © 2021 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than The Tracy Jones Team | Keller Williams Legacy Group Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2021-10-18T16:09:13.56.
    www.thetracyjonesteam.com/homes/121806622
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    316 Noah Avenue Akron, OH 44320

    • Price: $47,000
    • Status: Active
    • Updated: 51 min ago
    • MLS #: 4320012
    5
    Beds
    1
    Baths
    1
    ½ Baths
    0.12
    Acres
    1,208
    SQFT
    $39
    $/SQFT
    1924
    Built
    Neighborhood:
    Storer
    County:
    Summit
    Area:
    Southwest Akron
    School District:
    Akron CSD
    Property Description
    AMAZING INVESTMENT OPPORTUNITY!!! This property is part of a portfolio of seven Rooming Houses that net over $100,000 profit EACH Year!! This portfolio of Investment Properties boasts a shocking Cap Rate of over 30%...This IS NOT a misprint! Each of these Rooming Houses has between 5-8 separate bedrooms that rent for $440 per month EACH....AND the entire portfolio averages 85% occupancy!!! Seller is looking to sell the entire Seven House Portfolio for $329,000 but is open to selling these properties individually as well. (See Broker Remarks for list of the other properties) ALL the work is already done...houses have been divided into separate rental rooms with universal access to Kitchen, Bathroom, and Basement Laundry for the tenants.,,,AND with each room renting at $440 a month and 5-8 rooms per property..do the math on what these Single Family Cash Cows bring in per month!! Don't miss your chance at this unique Investment Opportunity...These do not come around very often!!!This individual property has 5 Rental Rooms, All five are currently rented at time of listing. Individual Cap Rate for this property is 26%.
    Exterior Features

    Architectural Style Colonial Construction Materials Other Exterior Features Porch Garage YN No Parking Features No GarageNo Driveway Patio And Porch Features Porch Roof AsphaltFiberglass

    Interior Features

    Appliances DryerRangeRefrigeratorWasher Basement Common BasementFullUnfinished Basement YN Yes Below Grade Finished Area 0 Building Area Total 1208 Cooling Central Air Cooling YN Yes Fireplace YN No Fireplaces Total 0 Heating Forced AirGas Heating YN Yes Main Level Bathrooms 0

    Property Features

    Above Grade Finished Area 1208 Association YN No Home Warranty YN No Listing Terms CashConventional Property Sub Type Single Family Residence Sewer Public Sewer Tax Annual Amount 924 Township Akron City Water Source Public Year Built Details Actual Ybt

    Listing information © 2021 YES-MLS.
    Listing provided courtesy of Century 21 Carolyn Riley Rl Est. Srvcs..
    Listing information © 2021 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than The Tracy Jones Team | Keller Williams Legacy Group Realty are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2021-10-18T16:09:13.56.
     
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    The Tracy Jones Team | Keller Williams Legacy Group Realty
    137 West Main St
    Ashland OH, 44805
    Listing courtesy of Century 21 Carolyn Riley Rl Est. Srvcs..
    Listing information © 2021 YES-MLS.