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545 East Avenue

Akron, OH 44320
  • $47,000
  • STATUS: Active
  • ON SITE: 22 Days
  • MLS #: 4320034
UPDATED: 71 min ago
$47,000
  • 4
    BEDS
  • 0.13
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 1,524
    SQFT
  • $31
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1893
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!!This individual property has 4 Rental Rooms. All 4 are rented at the time of listing.

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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 2021-10-19T16:08:58.213.
www.thetracyjonesteam.com/homes/121806785
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545 East Avenue Akron, OH 44320

  • Price: $47,000
  • Status: Active
  • Updated: 71 min ago
  • MLS #: 4320034
4
Beds
1
Baths
0
½ Baths
0.13
Acres
1,524
SQFT
$31
$/SQFT
1893
Built
Neighborhood:
Hill & Kirk
County:
Summit
Area:
Akron-Central
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!!This individual property has 4 Rental Rooms. All 4 are rented at the time of listing.
Exterior Features

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

Interior Features

Appliances DryerRangeRefrigeratorWasher Basement Common BasementFullUnfinished Basement YN Yes Below Grade Finished Area 0 Building Area Total 1524 Cooling Central Air Cooling YN Yes Fireplace YN No Fireplaces Total 0 Heating Forced AirGas Heating YN Yes Main Level Bathrooms 1

Property Features

Above Grade Finished Area 1524 Association YN No Home Warranty YN No Listing Terms CashConventional Property Sub Type Single Family Residence Sewer Public Sewer Tax Annual Amount 688 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 2021-10-19T16:08:58.213.
 
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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.