339 Hillwood Drive, Akron, OH 44320
- $117,000
- 3
- BD
- 2
- BA
- 2,050
- SqFt
- Sold Price
- $117,000
- List Price
- $124,900
- Status
- CLOSED
- Days on Market
- 50
- Closing Date
- Oct 29, 2024
- MLS#
- 5068574
- Subtype
- Residential Income
- Year Built
- 1918
- Bedrooms
- 3
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 2,050
- Acres
- 0.13
- Subdivision
- Parkwood Allotment/W C Johnson
- Neighborhood
- Parkwood Allotment/W C Johnson
- MLS Area Major
- Akron
Property Description
Seize this fantastic opportunity to own a fully occupied duplex in Akron's booming rental market! This property features a 1-bedroom unit rented for $745 on a lease until 4/30/2025 and a 2-bedroom unit on a month to month lease rented for $795, bringing in just shy of $20,000 per year in rent. Tenants handle gas and electric, while the owner covers water and sewer—making it a low-maintenance investment. With a cap rate exceeding 10% at the asking price, this is a cash-flowing dream! The property is in outstanding shape with a 2019 roof, brand-new exterior stairs, fresh flooring and carpet in the upstairs unit, newer siding, and more. Currently self-managed by the owner, offering an easy, turnkey investment in a high-demand location with additional upside! *Summit County Auditor's website states that there are 4 total bedrooms while the owner states that there are 3 total bedrooms. Can be purchased with 399 N Thomas Rd / Parcels: 60-05811 & 60-05807 and 150 S Portage Path / Parcel: 6828453.
Additional Information
- Taxes
- $1,524
- Heating
- Forced Air, Gas
- Air Conditioning
- None
- Levels
- Three Or More
- Roof
- Shingle
- Parking Features
- Driveway, Detached, Garage, On Site
- Garage Spaces
- 2
- School District
- Akron CSD - 7701
Listing Courtesy of: Tal Tamir, tal@premierclevelandinvesting.com With Russell Real Estate Services
Selling Office: Keller Williams Citywide.Mortgage Calculator
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