Akron, OH 44307,884 Sheridan AVE
Akron, OH 44307,884 Sheridan AVE
Akron, OH 44307,884 Sheridan AVE
$45,900
Est. payment /mo
$47,000
2.3%
Est.Price: ?

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6 Beds
1 Bath
1,485 SqFt
SOLD DATE : 03/01/2022

Key Details

Sold Price $45,900

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 1,485 sqft

Price per Sqft $30

Subdivision Lookout Heights

MLS Listing ID 4320032

Sold Date 03/01/22

Style Colonial

Bedrooms 6

Full Baths 1

HOA Y/N No

Abv Grd Liv Area 1,485

Year Built 1927

Annual Tax Amount $1,260

Lot Size 0.301 Acres

Acres 0.301

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!! 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!

Location

State OH

County Summit

Rooms

Basement Common Basement, Full, Unfinished

Main Level Bedrooms 3

Interior

Heating Forced Air, Gas

Cooling Central Air

Fireplaces Number 1

Fireplace Yes

Appliance Dryer, Range, Refrigerator, Washer

Exterior

Garage Detached, Garage, Unpaved

Garage Spaces 2.0

Garage Description 2.0

Fence Chain Link

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Porch Porch

Building

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Colonial

Level or Stories Two

Schools

School District Akron Csd - 7701

Others

Tax ID 6810542

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash

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Listed by David S Callander • Century 21 Carolyn Riley RL Est. Srvcs.
Bought with David Rudolph • Howard Hanna
Justin Carroll

REALTOR / Team Lead | License ID: C2015004696

+1(330) 705-3640 | justin@jcsells.com

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