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$97,000
Est. payment /mo
5 Beds
3 Baths
1,566 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,566 sqft
Price per Sqft $61
MLS Listing ID 5110498
Bedrooms 5
Full Baths 3
HOA Y/N No
Abv Grd Liv Area 1,566
Year Built 1917
Annual Tax Amount $1,477
Tax Year 2024
Lot Size 8,799 Sqft
Acres 0.202
Property Sub-Type Triplex
Property Description
**MAJOR INVESTMENT OPPORTUNITY** This decades-long proven, income-producing, fully occupied Colonial in Sherbondy Hill is an amazing investment opportunity that you won't want to miss out on! The main floor consists of a large foyer, two bedrooms (once a living room and dining room), and an eat-in kitchen. Both bedrooms on the main floor, the two single bedrooms on the second floor, and the two single bedrooms in the attic use the large eat-in kitchen on the main floor and the spacious full bathroom on the second floor. The property also has two studio apartments, each having its own full bathroom, full kitchen, and separate entrance. The first studio apartment is located on the second floor, and the second studio apartment is in the walk-up basement. Each room and studio is currently being rented out on a weekly basis, with most being rented by long-term tenants, and is currently bringing in $3,920/mo. with only approximately $665/mo. of expenses. When you purchase this fantastic investment property, you begin earning income immediately! If you decide you'd like to change routes with your investment by renovating the home into a single-family family and selling it for a nice profit, the ARV is definitely supported. Updates include a NEW furnace (2025), NEW electrical panel (2024), several newer vinyl replacement windows and glass block windows (approx. 6-7 yrs.), newer roof (approx. 8 yrs.), and newer vinyl siding (approx. 10 yrs.). Another MAJOR BONUS to this awesome investment property is the BUILDABLE LOT next door that is INCLUDED in the purchase! It's a BOGO deal! Being within only minutes of all the amenities, food, and entertainment that Downtown Akron offers, The University of Akron, several parks, and more, this property is set in a prime location. Schedule a tour to see this awesome investment property today!
Location
State OH
County Summit
Rooms
Basement Partially Finished
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Laundry None
Exterior
Parking Features Concrete, Driveway, Detached, Garage
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Lot Description City Lot
Story 3
Foundation Block
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Akron Csd - 7701
Others
Tax ID 6719622
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Listed by Briana R Yost • Berkshire Hathaway HomeServices Stouffer Realty • briyost@stoufferrealty.com 330-800-4754