$40.71 Per Sq Foot $1,297 est/mo Sourced by Back At You

809 Kenmore Boulevard,Akron, OH 44314

Akron OH, 44314

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Description

Discover a new prime investment opportunity in Akron with this 5-unit brick apartment building, tailor-made for a savvy BRRRR investor. All units are 1-bed/1-bath and the property comes equipped with a newer boiler and hot water tank. This is a genuine BRRRR gem, with three out of five units currently vacant and two more in the eviction processlikely to be fully vacant upon close. With a proforma rent of $800 per unit, this property offers a great potential return. While some cosmetic updates are needed, several units are already in good condition. Once leased up, tenants will handle their own electricity bills while the owner covers the gas for the boiler. This is a strategic investment opportunity to secure a 5-unit multi at an attractive price point, perfectly aligned for a successful BRRRR strategy. Don't miss out on this chance to elevate your investment portfolio!!

Details

MLS#5021913
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusPending
Year1924
Days On Site136
Listing Provided ByRussell Real Estate Services | Tal Tamir

Features

SQ Feet4,788
BasementY
Story(s)3
Units5
Building(s)1
Acreage0.13

Market Activity 44314

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Listings Checked: 13 minutes ago
StateOH
CountySummit
CityAkron
Zip Code44314
Community NameKenwood
Listing VS Median (in Kenwood)
Price:
$194,900
low | high
Med:
$149,900
73.088763468445% of Average
SqFt:
4,788
low | high
Med:
1,172
100% of Average
$ / SqFt:
$41
low | high
Med:
$134
100% of Average
On Site:
136
low | high
Med:
28.000000
100% of Average
Sourced by Back At You
Listing Updated: June 17, 2024 at 11:46:41 AM PDT