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Sold almost 2 years ago

$171,000

6+ bd ba 2432 sqft

260 Goodview Ave, Akron, OH 44305

Residential Quadplex Occupied Off MLS

Current Rent **

$3,666

Projected Rent **

$3,504

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent: $992
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 608 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 2 Details
  • Current Rent: $824
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 608 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 3 Details
  • Current Rent: $750
  • Bedroom: 1 bd
  • Bathroom: 1½ ba
  • Square Footage: 608 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 4 Details
  • Current Rent: $1,100
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 608 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes

Collect $3,504/month OR MORE on this 4 Unit Quadplex in Akron, Ohio!

Here is a great cash flow opportunity!

This property has 4 total units; two 2 bedroom/1 bath units, one 1 bedroom/1 bath unit and one 1 bedroom/1 bath AirBnB unit! This property has been well taken care of inside and out. It has a new roof, new waterproofing, all windows have been replaced, furnaces and hot water heaters have been replaced, a new concrete driveway, the cement stoop has been fixed and the exterior painted.

The units bring in $3,596 monthly, with an annual net operating income of $24,332, an actual cap rate of 14.23%! And this is with the owner paying all utilities!

This is great turnkey property to add cash flow to your portfolio immediately!

Location:

260 Goodview Ave, Akron, OH 44305

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.