Skip To Content

873 Jason Avenue

Akron, OH 44314
  • $1,515,000
  • STATUS: Active
  • ON SITE: 58 Days
  • MLS #: 5038376
$1,515,000
  • 0
    BEDS
  • 1.82
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1960
County:
Area:

School Ratings & Info

School District:
Listing courtesy of Berkshire Hathaway HomeServices Stouffer Realty.
Listing information © 2024 YES-MLS.

Description

Fantastic Investment Portfolio! 12 buildings with 25 rental units plus 2 vacant lots are available for bundle purchase. Vacancy averages 5-6%. Average gross income is $170-175,000. Average yearly expenses are $75,000; an established NOI of $100,000! Mostly all long-term tenants. One owner started investing in this area in 1998 and over the years built up a great portfolio! The bundle consists of two 4 units (PPN 6800459), all 2 BD/1 BA, (PPN 6800449), all 2 BD/1 BA. One 3-unit and one 2-unit (PPN 6742141, PPN 6726936). The 3-unit is 1 BD/1 BA each. The 2-unit is 2 BD/1 BA each. There are four more 2-unit building: PPN 6742140 - 2 BD/1 BA each. PPN 6842468 - 1 BD/1 BA each. PPN 6762834 - 2 BD/1 BA each and PPN 6838852 - 2 BD/1.5 BA each. Four single-family homes (PPN 6801160) - 2 BD/1.5 BA, (PPN 6828011) - 2 BD/1 BA, (PPN 6819826) - 3 BD/1 BA and (PPN 6839061 - 4 BD/1 BA. All ranges and refrigerators convey. Single-family home tenants pay all utilities. 2-unit and 3 & 4 unit tenants pay all except water.

Monthly Payment Calculator

Listing information © 2024 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Kennen & Kennen Realtors are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2024-07-13T00:08:16.043.
www.kennenrealtors.com/homes/150550421
Print Image

873 Jason Avenue Akron, OH 44314

  • Price: $1,515,000
  • Status: Active
  • On Site: 58 Days
  • MLS #: 5038376
0
Beds
0
Baths
0
½ Baths
1.82
Acres
1960
Built
Neighborhood:
Lakewood Heights
County:
Summit
Area:
Akron
School District:
Akron CSD
Property Description
Fantastic Investment Portfolio! 12 buildings with 25 rental units plus 2 vacant lots are available for bundle purchase. Vacancy averages 5-6%. Average gross income is $170-175,000. Average yearly expenses are $75,000; an established NOI of $100,000! Mostly all long-term tenants. One owner started investing in this area in 1998 and over the years built up a great portfolio! The bundle consists of two 4 units (PPN 6800459), all 2 BD/1 BA, (PPN 6800449), all 2 BD/1 BA. One 3-unit and one 2-unit (PPN 6742141, PPN 6726936). The 3-unit is 1 BD/1 BA each. The 2-unit is 2 BD/1 BA each. There are four more 2-unit building: PPN 6742140 - 2 BD/1 BA each. PPN 6842468 - 1 BD/1 BA each. PPN 6762834 - 2 BD/1 BA each and PPN 6838852 - 2 BD/1.5 BA each. Four single-family homes (PPN 6801160) - 2 BD/1.5 BA, (PPN 6828011) - 2 BD/1 BA, (PPN 6819826) - 3 BD/1 BA and (PPN 6839061 - 4 BD/1 BA. All ranges and refrigerators convey. Single-family home tenants pay all utilities. 2-unit and 3 & 4 unit tenants pay all except water.
Exterior Features

Attached Garage YN No Garage YN No Parking Features Additional Parking Direct Access Driveway Garage Gravel No Garage On Site Off Street Paved On Street Variesby Unit Roof Asphalt Fiberglass Waterfront YN No

Interior Features

Basement Exterior Entry Full Interior Entry Basement YN Yes Cooling Central Air Wall Units Cooling YN Yes Foundation Details Slab Heating Baseboard Electric Forced Air Gas Heating YN Yes Main Level Bathrooms 0

Property Features

Elementary School District Akron CSD - 7701 Listing Terms Cash Conventional Other Middle Or Junior School District Akron CSD - 7701 Net Operating Income 100000 Property Sub Type Apartment Sewer Public Sewer Tax Annual Amount 18379 Township Akron Water Source Public

Listing information © 2024 YES-MLS.
Listing provided courtesy of Berkshire Hathaway HomeServices Stouffer Realty: 330-835-4900.
Listing information © 2024 YES-MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than Kennen & Kennen Realtors are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed. The photos may be altered, edited, enhanced or virtually staged. Data last updated 2024-07-13T00:08:16.043.
 
https://bt-photos.global.ssl.fastly.net/normls/orig_boomver_1_5038376-2.jpg https://bt-photos.global.ssl.fastly.net/normls/orig_boomver_1_5038376-2.jpg https://bt-photos.global.ssl.fastly.net/normls/orig_boomver_1_5038376-2.jpg
Logo
Kennen & Kennen Realtors
2241 Chapline St.
Wheeling WV, 26003
Listing courtesy of Berkshire Hathaway HomeServices Stouffer Realty.
Listing information © 2024 YES-MLS.