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Key Details
Sold Price $173,750
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Britt Heights
MLS Listing ID 5034088
Sold Date 06/18/24
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1963
Annual Tax Amount $1,965
Tax Year 2023
Lot Size 6,324 Sqft
Acres 0.1452
Property Description
Welcome to 1937-1939 Preston Ave, Akron, Ohio – your prime investment opportunity awaits! This renovated duplex is included in a 4 property – 8 unit package ONLY for $756,000 bringing in $7,000 total rent between all of the properties, all nestled together on a private street with their own parcel numbers, is the epitome of a cash cow property, boasting full occupancy and impressive rental income. Has potential to bring 16% cash on cash return. Each unit, featuring two bedrooms and one bath with an open concept layout, exudes modern charm with new kitchens and bathrooms. With tenants responsible for all utilities, enjoy a hassle-free investment experience. Central air in each unit ensures year-round comfort, while new decks offer outdoor relaxation. This property also includes an attached parking lot for convenience. These properties are well managed and has no deferred maintenance with a reliable maintenance personnel. This package provides a lucrative investment portfolio opportunity. Don't miss out – seize this chance to elevate your investment portfolio today! Do not disturb tenants.(4 Building package includes: 1919/1921 Preston Ave., 1925/1927 Preston Ave., 1931-1935 Preston Ave. & 1937/1939 Preston Ave.)
Location
State OH
County Summit
Interior
Heating Forced Air, Gas
Cooling Central Air
Fireplace No
Exterior
Garage Parking Lot
Waterfront No
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
School District Akron Csd - 7701
Others
Tax ID 6712090
Financing Cash
Special Listing Condition Standard
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Bought with Mark A Colucci • Keller Williams Citywide