Description
Calling all investors! This cash-flowing triplex is a great opportunity to combine current income with serious value-add upside. The vacant first-floor unit offers 2 spacious bedrooms and 1 bath, projected at $800 to $900/month after updates. The middle unit, also a spacious 2 bedroom, 1 bath, is currently rented at $800/month on a month-to-month lease. The vacant third-floor unit is a 1 bedroom, 1 bath, projected at $650 to $700/month after updates. Both vacant units need some work, which is reflected in the price, making this the perfect setup for an investor looking to force appreciation. Once stabilized, projected gross rents come in at $2,250 to $2,400/month. Additional features include a 1-car garage, two newer hot water tanks, and two newer furnaces. Bring your vision and start building equity from day one!
Details
| MLS # | 5237294 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1916 |
| Days On Site | 19 |
| Listing Provided By | EXP Realty, LLC. | Jack Krusinski |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,628 |
| Garage | 2 |
| Basement | Y |
| Building(s) | 1 |
| Acreage | 0.14 |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Alley Access, Driveway, Garage, On Street |
Taxes
| Tax Annual Amount | 3099.84 |
|---|
Area Information
| State | OH |
|---|---|
| County | Summit |
| City | Akron |
| Zip Code | 44310 |
| Community Name | Hogue |
| Listing VS Median (in Hogue) | |
Price: $125,000 low | high Med: $125,000 sqft: 2,628 low | high Med: 2,628 $ / sqft: $48 low | high Med: $48 On site: 19 low | high Med: 19 | |
Market Activity 44310
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Learn More About This Property
| State | OH |
|---|---|
| County | Summit |
| City | Akron |
| Zip Code | 44310 |
| Community Name | Hogue |
| Listing VS Median (in Hogue) | |
Price: $125,000 low | high Med: $125,000 sqft: 2,628 low | high Med: 2,628 $ / sqft: $48 low | high Med: $48 On site: 19 low | high Med: 19 | |