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871 Brown ST Akron, OH 44311
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Key Details
Sold Price $130,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 7,759 sqft
Price per Sqft $16
Subdivision William T & Bessie Voris Sawye
MLS Listing ID 4312223
Year Built 1926
Annual Tax Amount $3,111
Lot Size 4,800 Sqft
Property Description
Solid investment opportunity! This property consists of two retail addresses (871 and 873 Brown St), 2 apartments on the second floor (869 Brown apt 1 & 2), and the detached single family home behind it (538 Baird St). All five units have been completely remodeled and are fully rented. New flooring, paint, 3 new furnaces, 1 new HWT, all new bathrooms, rebuilt fire escape, and 538 Baird has new kitchen and deck. Gross income is $3,700/month and owner pays water/trash/sewer (approx $150-200/month). Self-managed it offers an 18+% cap rate. All tenants would like to stay and have 6+ month leases. Available as a package with MLS#4312326.
Location
State OH
County Summit
Interior
Heating Forced Air, Gas
Cooling Wall Unit(s)
Exterior
Parking Features Paved, On Street
Building
Story 2
Sewer Public Sewer
Water Public
Schools
School District Akron Csd - 7701
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Bought with Lesa Lillibridge • Keller Williams Chervenic Rlty