Neighborhood: Southwest Akron, Akron City, Lookout Heights
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 6 rental rooms. All 6 rooms currently rented at time of listing. This property has a Cap Rate of 46%. This property has additional fenced in lot that offers a spacious, park like setting for tenants!
Courtesy of: Century 21 Carolyn Riley RL Est. Srvcs. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of NEOHREX MLS. Real estate listings held by brokerage firms other than NORMLS are marked with the Internet Data Exchange logo and detailed information includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. NORMLS might not display the entire NEOHREX MLS IDX database on this website. The listings of some real estate brokerage firms may have been excluded. Updated: 24th January, 2022 10:13 AM