1/10
Listing Courtesy Of:
Century 21 Carolyn Riley RL Est. Srvcs., David Callander
Local Realty Services Provided By:
Keller Williams Chervenic Realty
Overview
What It'll Cost
Neighborhood
Similar Homes
545 East Avenue, Akron, OH 44320
4 Beds
1 Bath
545 East Avenue, Akron, OH 44320
Estimation provided by Keller Williams Realty Inc.
4 Beds
1 Bath
Closed
Sold
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.
This individual property has 4 Rental Rooms. All 4 are rented at the time of listing.
Property Details
Compare This Home
Overview
Property Type
Single Family Residence
Property Size
Year Built
1893
Days on Site
1,277 Days
HVAC
Forced Air, Gas, Central Air
Parking
Yes
Activity History
VIEWS
SAVES
SHARES
Data provided by Keller Williams Realty, Inc.
Upcoming Open Houses
(Local time)
No open houses are currently scheduled for this property. Don't worry - you can always schedule a tour, or get additional help from your agent.
Estimated Monthly Payment
Purchase Price:
$37,000
Principal + Interest
Property Tax
Home Insurance
HOA/Condo Fee
Mortgage Insurance
Monthly Payment
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Price & Tax History
Date
Event
Price
01/16/2024
Sold
(+180.95% )
12/01/2022
Sold
(-43.24% )
01/24/2022
Sold
(-21.28% )
09/25/2021
Listed
(+652% )
09/14/2015
Sold
(-47.92% )
09/10/2015
Sold
06/03/2014
Sold
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2023
(+30.64% )
Land 3,370 +
Additions 10,450
2022
(+8.06% )
Land 2,410 +
Additions 7,280
2021
(+12.36% )
Land 2,410 +
Additions 6,430
2020
Land 2,410 +
Additions 6,430
2019
(+1.14% )
Land 3,735 +
Additions 3,357
2018
(-2.34% )
Land 3,735 +
Additions 3,357
2016
Land 3,735 +
Additions 3,357
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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Transit & Commute
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Car-Dependent
Walkable
Very Walkable
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