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Updated over 9 years ago,

User Stats

158
Posts
42
Votes
Greg W.
  • Buy and Hold Investor
  • Alexandria, VA
42
Votes |
158
Posts

Akron, Ohio property; wholesale, flip or rent?

Greg W.
  • Buy and Hold Investor
  • Alexandria, VA
Posted

What would you do with this house?

My relatives inherited a house and are unsure what to do with it.

Address: 1000 Neptune Ave S., Akron, OH 44301.

It needs new plumbing (cast iron), electrical, kitchen, BA, windows, doors, refinish floors, appliances, possible roof and remediation of a bunch of health inspector code violations. It does have newer siding, a new front porch and roof on garage is new.

Rentometer rents are $525-$600/mo. for 2BR in the neighborhood.

As is, it would probably sell for $8,000-$15,000. Rehabbed, I'm just guessing, it would sell for $20,000-$35,000.

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