487 Palmetto Avenue, Akron, OH 44301
- $85,010
- 3
- BD
- 1
- BA
- 1,439
- SqFt
- Sold Price
- $85,010
- List Price
- $84,900
- Status
- CLOSED
- Days on Market
- 45
- Closing Date
- Feb 24, 2025
- MLS#
- 5093702
- Subtype
- Residential
- Style
- Colonial
- Year Built
- 1919
- Bedrooms
- 3
- Bathrooms
- 1
- Full Baths
- 1
- Living Area
- 1,439
- Acres
- 0.11
- Subdivision
- Hillcrest Park
- Neighborhood
- Hillcrest Park
- MLS Area Major
- Akron
Property Description
Prime Investment Opportunity in Firestone Park! This 3-bedroom, 1-bath Colonial offers excellent cash flow potential, currently occupied by a long-term tenant since 2015. The tenant's rent is fully covered by AMHA at $1,300 per month, ensuring steady income. The property has added flexibility with a finished third-floor attic, featuring a tandem room setup that could be used as two additional bedrooms—offering the possibility of a 5-bedroom layout. The tenant provides their own appliances (except for the dishwasher) and is responsible for electric and gas. Landlord pays water, sewer, and trash. Glass Block windows in basement. New roof 2021. While the property requires some TLC, its strong rental history and earning potential make it a promising addition to your investment portfolio.
Additional Information
- Taxes
- $2,291
- Property Description
- Colonial
- Appliances
- Dishwasher
- Heating
- Forced Air, Gas
- Air Conditioning
- None
- Stories
- 2
- Levels
- Three Or More, Two
- Roof
- Asphalt, Fiberglass
- Parking Features
- Driveway, No Garage, Paved
- School District
- Akron CSD - 7701
Listing Courtesy of: Darlene Hall, darlenehall@kw.com With Keller Williams Chervenic Rlty
Selling Office: Home Equity Realty Group.Mortgage Calculator
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