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871 Brown ST Akron, OH 44311
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Key Details
Sold Price $130,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 7,759 sqft
Price per Sqft $16
Subdivision William T & Bessie Voris Sawye
MLS Listing ID 4312223
Sold Date 12/30/21
HOA Y/N No
Abv Grd Liv Area 7,759
Year Built 1926
Annual Tax Amount $3,111
Lot Size 4,800 Sqft
Acres 0.1102
Property Sub-Type Mixed Use
Property Description
Solid investment opportunity! This property consists of two retail addresses (871 and 873 Brown St), 2 apartments on the second floor (869 Brown apt 1 & 2), and the detached single family home behind it (538 Baird St). All five units have been completely remodeled and are fully rented. New flooring, paint, 3 new furnaces, 1 new HWT, all new bathrooms, rebuilt fire escape, and 538 Baird has new kitchen and deck. Gross income is $3,700/month and owner pays water/trash/sewer (approx $150-200/month). Self-managed it offers an 18+% cap rate. All tenants would like to stay and have 6+ month leases. Available as a package with MLS#4312326.
Location
State OH
County Summit
Rooms
Basement Full
Interior
Heating Forced Air, Gas
Cooling Wall Unit(s)
Fireplace No
Exterior
Parking Features Paved, On Street
Water Access Desc Public
Total Parking Spaces 1
Building
Story 2
Sewer Public Sewer
Water Public
Schools
School District Akron Csd - 7701
Others
Tax ID 6802545
Financing Conventional
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Bought with Lesa Lillibridge • Keller Williams Chervenic Rlty