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1103 Dayton

Akron, OH 44310
  • $425,000
  • STATUS: Active
  • ON SITE: 86 Days
  • MLS #: 5013022
$425,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1926
County:
Area:

School Ratings & Info

School District:

Description

ATTENTION INVESTORS!! Turnkey business in North Hill neighborhood of Akron. Want a 9% Cap rate opportunity with room to increase?? Owner is retiring and selling a nice package of properties in high demand rental area. 100% occupied with long term tenants that are now on month to month leases. This portfolio consists of 5 separate properties ( 4 single family homes and one side/side duplex) ) Gross rent per month is $4,200. Annual income$50,400 gross.. NOI is $39,792 ( tax $6,950 Insurance $3,658). Cap Rate is 9% and there is room for increase..rents are below average. Addresses included are: 1103 Dayton,1231 Collinwood,345/347 Dayton,1171 Big Falls, 1154 Pitkin Ave. PRE-APPROVED BUYERS ONLY

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www.clevelandhomefinder.com/homes/146842896
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1103 Dayton Akron, OH 44310

  • Price: $425,000
  • Status: Active
  • On Site: 86 Days
  • MLS #: 5013022
0
Beds
0
Baths
0
½ Baths
0.1
Acres
1926
Built
Neighborhood:
W E Kneale Allotment
County:
Summit
Area:
Akron
School District:
Akron Csd - 7701
Property Description
ATTENTION INVESTORS!! Turnkey business in North Hill neighborhood of Akron. Want a 9% Cap rate opportunity with room to increase?? Owner is retiring and selling a nice package of properties in high demand rental area. 100% occupied with long term tenants that are now on month to month leases. This portfolio consists of 5 separate properties ( 4 single family homes and one side/side duplex) ) Gross rent per month is $4,200. Annual income$50,400 gross.. NOI is $39,792 ( tax $6,950 Insurance $3,658). Cap Rate is 9% and there is room for increase..rents are below average. Addresses included are: 1103 Dayton,1231 Collinwood,345/347 Dayton,1171 Big Falls, 1154 Pitkin Ave. PRE-APPROVED BUYERS ONLY
Exterior Features

Attached Garage YN No Garage YN Yes Parking Features Driveway Garage Off Street Roof Asphalt

Interior Features

Basement Full Basement YN Yes Cooling Central Air Other Cooling YN Yes Heating Forced Air Heating YN Yes Main Level Bathrooms 0

Property Features

Net Operating Income 39792 Operating Expense 10608 Property Sub Type Apartment Sewer Public Sewer Tax Annual Amount 6950 Township Akron Water Sewer Expense 0 Water Source Public

 
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Howard Hanna
8396 Mentor Ave.
Mentor OH, 44060