$550,000

628, 634 & 636 Sumner Street 6 units, Akron, OH 44311

  • 17 beds |
  • 6 baths
  • Property Icon Duplex
  • Property Year Built Icon Built in 1889
  • Property Lot Size Icon10,716sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 11 months ago

Property Description

628, 634 & 636 Sumner St, Akron, OH 44311 is located in the heart of downtown Akron. This multi-family property offers an exceptional investment opportunity. With a total of six units comprising 5,328 sq. ft. of finished residential space, the property includes two 2-bedroom units, three 3-bedroom units, and one 4-bedroom unit. The 3 duplexes comprise the 6 units and sit on 2 adjoining lots with a frontage of 102 feet on Sumner as well as the side has additional frontage on Thornton St with a depth of 95 feet, which affords the opportunity to provide several additional parking options with common area parking and off-street availability as well as several ins & outs to accommodate proper off street parking for all of the residents. The property is well-maintained and features forced air gas heating, central air cooling, and public water and sewer services. It also includes an unfinished basement and an asphalt/fiberglass roof. Monthly rent is $5,650 and Annual gross rent is $67,800 with Landlord amount this year due to updating & installing new flooring, painting and showing, and marketing the property at $52,976, with total expenses this year to update and all expenses at $22,291, including management, maintenance, utilities, trash, and lawn/snow care, and upgrading the units. The property’s proximity to downtown and its location offer renters easy access to shopping, amenities, and public transportation, Akron University, easy access to Rt 8 and I-76 make the property highly desirable for urban living. This property is ideal for investors seeking reliable cash flow and potential growth. For more information or to schedule a private showing, please contact your favorite Real Estate Agent. Don’t miss this chance to own a prime income-generating property in Akron! THERE IS NO SELLER FINANCING, SO DO NOT ASK! THERE IS NO SELLER FINANCING, CASH OR LOAN BY OTHERS ONLY, SEND PROOF OF FUNDS &/OR PREAPPROVAL LETTER!!!!!!

Listing Status:
Active
Listing Office:
Keller Williams Chervenic Rlty : 330-686-1644
Listing Agent:
Lesa Lillibridge : 330-620-5372
MLS ID:
5089948
  • Appliances: RangeRefrigerator
  • Laundry: None
  • Basement: Unfinished
  • A/C: Central Air
  • Heating: Forced AirGas
  • Pool: None
  • Parking: Additional ParkingCommonOff Street
  • Roofing: AsphaltFiberglass
  • General: Aluminum Siding2
  • Originating MLS: NOWDD_NORM
  • School District: Akron CSD - 7701
  • County: Summit
  • Zoning: VORIS LOT 50 SE 1/4VORIS LOT 50 N E 1/46746647
  • Fencing: None
  • Water: Public
  • Sewer: Public Sewer
  • Source: NOWDD_NORM

This listing courtesy of Lesa Lillibridge, Keller Williams Chervenic Rlty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Leggett Community Learning Center

333 E Thornton St, Akron, OH, 44311

Grades KG-5

0.06 miles away

N

National Inventors Hall of Fame School, Center for STEM Learning

199 S Broadway St, Akron, OH, 44308

Grades 5-8

0.93 miles away

A

Akron Alternative Academy

77 W Thornton St, Akron, OH, 44311

Grades 11-12

0.72 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.