Price Reduction
Address
85 Nickel Street Akron, OH
Price
$ 28,000
Property Attributes
  • MLS#4320030
  • TypeSingle Family
  • CountySUMMIT
  • CityAkron
  • AreaNorthwest Akron
  • NeighborhoodDay & Seil
  • Zip44303
  • StyleCape Cod
  • Year Built1919
  • Taxes$ 789
  • Price$ 28,000
  • Bedrooms6
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage1074
  • Lot Size1,742 SqFt
Listing Provided Courtesy Of:
David Callander with Century 21 Carolyn Riley RL Est. Srvcs.
Data Source:
MLSNow - 192- OH
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 individual property features six rental rooms. Four rooms currently rented at time of listing. Cap rate for this property is 36%

Price History
9/26/2021 Listed $47,000
11/15/2021 41% - $28,000

General Features

Appliances Dryer, Range, Refrigerator, Washer
Architectural Style Cape Cod
Basement Common Basement, Full, Unfinished
Construction Materials Wood Siding
Cooling None
Elementary School District Akron CSD
Exterior Features Porch, Unpaved Driveway
Heating Forced Air, Gas
High School District Akron CSD
Listing Agent State License 2014001201
MLS Area Northwest Akron
Middle/Junior School District Akron CSD
Patio/Porch Features Porch
Property Sub Type Additional Single Family Residence
Property SubType Single Family Residence
Property Type Residential
Roof Asphalt, Fiberglass
Sewer Public Sewer
Status Active
Subdivision Name Day & Seil
Terms Cash, Conventional
Township Akron City
Virtual Tour https://www.propertypanorama.com/85-Nickel-St-Akron-OH-44303/unbranded

Interior Features

Above Grade Finished Area 1074
Above Grade Finished Area Source Realist
Below Grade Finished Area Source Realist
Full Baths 1
Heating Y/N Yes
Laundry Features Common Area
Living Area 1074
Main Level Bathrooms 1
Total Baths 1
Total Bedrooms 6

Exterior Features

Lot Size Acres 0.04
Lot Size Area 0.04
Lot Size Units Acres
Parking Features No Garage
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 44303

Price
AVG $250K
$30K
Taxes
AVG $4,283
$789
Visits
AVG 37
23
Year Built
AVG 1929
1919
Walkscore
AVG 56
65
Data Provided by Walkscore ® not using MLS data

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