$306,000
SOLD SEP 11, 2024
7 Beds
4 Baths
7,464 Sq Ft
4,561 Sq Ft Lot

Recently Sold

$41 Per Sq Ft

2% Above List Price

5 Days on Market

About This Home

As of September 2024

This multifamily building situated in the heart of Highland Square, is a rare find. Featuring four fully occupied units, this property offers a unique investment opportunity and old-school charm in a trendy arts district. The building is zoned for both residential and commercial use, providing versatile possibilities. The building offers a common basement area, which could be used as additional storage or potential to install washers and dryers for tenant's convenience. This property is perfect for someone looking for a steady rental income. Don't miss out on owning a well-managed piece of real estate!
New rubber roof 2022; 25-year product warranty
(2) new hot water tanks 2023

Last Agent to Sell the Property

Melissa Smith

Crossroads Management Realty Brokerage Email: 330-762-4840 cindy@crossroadsmanagement.com License #2020002227 Listed on: 07/24/2024

Last Buyer's Agent

Kathy Green

Dan Marchetta Realty Inc. License #2002020154

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,563

Year Built

  • Built in 1915

Lot Details

  • 4,561 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • 7,464 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Range

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Parking

  • Parking Pad
  • Common or Shared Parking
  • On-Site Parking

Utilities

  • No Cooling
  • Forced Air Heating System

Community Details

  • Port Park Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for common area maintenance, electricity, exterior maintenance, sewer, trash collection, water
  • Assessor Parcel Number 6726871

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,563

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Quadruplex
  • Year Built: 1915
  • Attribution Contact: 330-762-4840 cindy@crossroadsmanagement.com
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Port Park
  • Above Grade Finished Sq Ft: 7464.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Tax Year: 2023
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Interior Entry, Storage Space
  • Basement: Yes
  • Appliances: Range, Refrigerator
  • Full Bathrooms: 4
  • Total Bedrooms: 7
  • Stories: 2

Exterior Features

  • Roof: Rubber
  • Acres: 0.1047
  • Pool Private: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick

Garage/Parking

  • Attached Garage: No
  • Parking Features: Common, On Site, Parking Pad

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Akron CSD - 7701

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 6726871
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Common Area Maintenance, Electricity, Exterior Maintenance, See Remarks, Sewer, Trash Collection, Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3090.0

Tax Info

  • Tax Annual Amount: 3563.4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2024
Closed on
Sep 27, 2024
Sold by
Sanchez Adrian and Sanchez Jennifer
Bought by
Jefferson Ave Rentals Llc
Seller's Agent
Melissa Smith
Crossroads Management Realty
Buyer's Agent
Kathy Green
Dan Marchetta Realty Inc.
List Price
$300,000
Sold Price
$306,000
Premium/Discount to List
$6,000
2%
Views
15
Current Estimated Value
$306,867

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$867
Avg. Annual Appreciation
-3.46%
Original Mortgage
$229,500
Outstanding Balance
$228,088
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$67,734

Purchase Details

Listed on
Jul 24, 2024
Closed on
Sep 10, 2024
Sold by
Zorn William S and Join Maryanna
Bought by
Sanchez Adrian and Sanchez Jennifer
Seller's Agent
Melissa Smith
Crossroads Management Realty
Buyer's Agent
Kathy Green
Dan Marchetta Realty Inc.
List Price
$300,000
Sold Price
$306,000
Premium/Discount to List
$6,000
2%
Views
15

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,500
Outstanding Balance
$228,088
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$67,734

Purchase Details

Closed on
Oct 7, 2022
Sold by
Doria Maryanna
Bought by
William S Zorn And Maryanna A Doria Joint Rev
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Fiduciary Deed $306,000 Buckeye Reserve Title
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $229,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2024 09/11/24 Sold $306,000 +2.0% $41 / Sq Ft
07/30/2024 07/30/24 Pending -- -- --
07/24/2024 07/24/24 For Sale $300,000 -- $40 / Sq Ft
Source: MLS Now

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,742 $42,032 $6,146 $35,886
2024 $3,563 $42,032 $6,146 $35,886
2023 $3,092 $42,032 $6,146 $35,886
2022 $3,092 $35,553 $5,586 $29,967
2021 $3,096 $35,553 $5,586 $29,967
2020 $2,744 $35,560 $5,590 $29,970
2019 $2,776 $28,910 $4,930 $23,980
2018 $2,729 $28,910 $4,930 $23,980
2017 $2,807 $28,910 $4,930 $23,980
2016 $2,807 $30,420 $5,190 $25,230
2015 $2,807 $30,420 $5,190 $25,230
2014 $2,772 $30,420 $5,190 $25,230
2013 $2,433 $25,900 $4,410 $21,490
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 5056490

MLS Now

APN: 67-26871