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85 Nickel ST Akron, OH 44303
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Key Details
Sold Price $20,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,074 sqft
Price per Sqft $18
Subdivision Day & Seil
MLS Listing ID 4320030
Sold Date 01/07/22
Style Cape Cod
Bedrooms 6
Full Baths 1
HOA Y/N No
Abv Grd Liv Area 1,074
Year Built 1919
Annual Tax Amount $789
Lot Size 1,799 Sqft
Acres 0.0413
Property Sub-Type Single Family Residence
Stories One
Story One
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
Location
State OH
County Summit
Rooms
Basement Common Basement, Full, Unfinished
Main Level Bedrooms 3
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Appliance Dryer, Range, Refrigerator, Washer
Laundry Common Area
Exterior
Parking Features No Garage, Unpaved
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Porch Porch
Building
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style Cape Cod
Level or Stories One
Schools
School District Akron Csd - 7701
Others
Tax ID 6744013
Financing Cash
Read Less
Bought with Jessica N East • Sanders Home Realty
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