382 Madison Avenue, Akron, OH 44320

$140,000
6
BD
2
BA
3,277
SqFt

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List Price
$140,000
Status
ACTIVE
Stories
2
MLS#
5237537
Year Built
1924
Bedrooms
6
Bathrooms
2
Living Area
3,277
Region
Akron
Township
Akron
Subdivision / Building
Crestland Park

Property Description

ATTENTION INVESTORS! TURNKEY, FULLY OCCUPIED & CASH FLOWING FROM DAY ONE! Exceptional opportunity to acquire a well-maintained duplex w/6 total bedrooms, recent cosmetic updates, two quality tenants already in place. Current photos are recent & reflect the property's current condition. Each spacious unit offers 3 bedrooms, a smart & comfortable floor plan, gleaming hardwood floors, modern kitchens & baths, attractive finishes designed to provide comfortable living and help attract long-term tenants. Charming exterior combines brick & shake-style siding for excellent curb appeal. Both units are separately metered, including water, w/tenants responsible for all utilities. Current month-to-month rents are $850 and $799 per month, both quality tenants would like to remain. Provides immediate income from day one w/flexibility of month-to-month leases & potential future rental upside. Property has been professionally managed, management can remain in place for a seamless transition or be changed at the buyer's discretion. Additional improvements include an updated electrical system w/breaker panel & one newer furnace. Excellent opportunity for a first-time investor looking for an easy entry into rental real estate or an experienced investor seeking to add another performing property to their portfolio. PLEASE DO NOT DISTURB THE TENANTS. SHOWINGS WILL ONLY BE PERMITTED AFTER AN ACCEPTABLE OFFER HAS BEEN RECEIVED. Serious, qualified buyers only. No wholesalers and no owner financing.

Additional Information

Taxes
$2,085
Acres
0.13
Sewer
Public Sewer
Roof
Asphalt
Water
Public
Heating
Forced Air, Gas
Cooling
None
School District
Akron CSD - 7701

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Listing Courtesy of: Christopher A Frederick, thefrederickteam@gmail.com With Coldwell Banker Schmidt Realty

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