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339 Hillwood DR Akron, OH 44320
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Key Details
Sold Price $117,000
Property Type Single Family Home, Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,050 sqft
Price per Sqft $57
Subdivision Parkwood Allotment/W C Johnson
MLS Listing ID 5068574
Bedrooms 3
Full Baths 2
Year Built 1918
Annual Tax Amount $1,524
Tax Year 2023
Lot Size 5,601 Sqft
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.
Location
State OH
County Summit
Interior
Heating Forced Air, Gas
Cooling None
Exterior
Garage Driveway, Detached, Garage, On Site
Garage Spaces 2.0
Garage Description 2.0
Waterfront No
Roof Type Shingle
Building
Sewer Public Sewer
Water Public
Schools
School District Akron Csd - 7701
Others
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
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Bought with Noel Hall • Keller Williams Citywide