NOT LISTED FOR SALE

1235 Wilbur Ave Akron, OH 44301

South Akron Neighborhood

Estimated Value: $156,000 - $169,000

3 Beds
3 Baths
1,750 Sq Ft
$93/Sq Ft Est. Value

Last Sold October 20, 2023

Last sale price $130,500 $75 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $990/month

102 Days on Market

About This Home

As of October 2023

CALLING ALL INVESTORS!!! Welcome to 1235 Wilbur Avenue, a fantastic investment opportunity in the heart of Akron, Ohio! This well maintained triplex offers an excellent chance to enhance your real estate portfolio. Situated in a prime location, this property presents a lucrative income-generating potential that boasts three spacious units, each providing comfortable living spaces and modern amenities. This owner occupied first floor unit could potentially bring in $700 a month while the remaining two units bring in $645 and $500 a month which after expenses, could provide you close to a 10% cap rate! With ample parking available in the back, residents will appreciate the convenience of off-street parking. Located on Wilbur Avenue, this triplex enjoys a desirable Akron address. It is conveniently situated near major highways, shopping centers, restaurants, and various amenities, ensuring a convenient lifestyle for tenants. Additionally, the property is within close proximity to several educational institutions and employment opportunities, making it highly attractive to potential renters. Investing in this triplex offers a remarkable opportunity to generate consistent rental income in a sought-after neighborhood. Don't miss out on the chance to acquire this prime investment property at 1235 Wilbur Avenue, Akron, OH 44301. Act now and seize this incredible investment opportunity!

Last Agent to Sell the Property

Alex Johnson

Real Estate Quest, Inc. License #2007002717 Listed on: 06/04/2023

Last Buyer's Agent

Deletria Walters

Twin Oaks Realty License #2010001312

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,781

Year Built

  • Built in 1927

Lot Details

  • 4,800 Sq Ft Lot
  • Unpaved Streets

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 1,750 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 3 Units
  • Bellows Allotment Community

Listing and Financial Details

  • The owner pays for electric, gas, sewer, trash collection, water
  • Assessor Parcel Number 6731927

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,781

Year Built

Built in 1927

Lot Details

4,800 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Three
  • Price Per Square Foot: 74.57
  • Estimated Price per Sq Ft: 74.57
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 1750
  • Year Built: 1927
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Attribution Contact: (440) 389-3883 rebroker216@gmail.com
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1927

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement Detail: Full, Unfinished
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 1750.00
  • Sq Ft Approx Total Finished: 1750.00

Exterior Features

  • Exterior: Brick
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Unpaved

Utilities

  • Cooling Type: Window Unit(s)
  • Heating Fuel: Gas
  • Heating Type: Forced Air
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: Bellows Allotment

Schools

  • School District: Akron CSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.1102
  • Parcel Number: 6731927

Rental Info

  • Owner Pays: Electric, Gas, Sewer, Trash Collection, Water

Multi Family

  • Unit Count: 3
  • Num Of Buildings: 1
  • Number of Units: 3

Tax Info

  • Tax: 1781

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2023
Closed on
Oct 9, 2023
Sold by
Oracle Homes Llc
Bought by
Walters Legacy Holdings Llc
Seller's Agent
Alex Johnson
Real Estate Quest, Inc.
Buyer's Agent
Deletria Walters
Twin Oaks Realty
List Price
$149,900
Sold Price
$130,500
Premium/Discount to List
-$19,400
-12.94%
Views
49
Current Estimated Value
$162,722

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,222
Avg. Annual Appreciation
9.93%

Purchase Details

Closed on
Aug 26, 2020
Sold by
Kma Capital Llc
Bought by
Oracle Homes Llc

Purchase Details

Closed on
Apr 2, 2020
Sold by
Butcher Brian and Butcher Brian T
Bought by
Kma Capital Llc

Purchase Details

Closed on
Dec 17, 2004
Sold by
Green Tree Servicing Llc
Bought by
Butcher Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,000
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 18, 2003
Sold by
Dukes Timothy E and Dukes Timothy
Bought by
Conseco Finance Servicing Corp
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Walters Legacy Holdings Llc $130,500 Kingdom Title
Oracle Homes Llc $44,660 None Listed On Document
Kma Capital Llc $21,373 None Available
Butcher Brian $30,000 --
Conseco Finance Servicing Corp $40,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Butcher Brian $27,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2023 10/20/23 Sold $130,500 -12.9% $75 / Sq Ft
09/14/2023 09/14/23 Pending -- -- --
08/23/2023 08/23/23 For Sale $149,900 0.0% $86 / Sq Ft
08/23/2023 08/23/23 Price Changed $149,900 -9.1% $86 / Sq Ft
07/20/2023 07/20/23 Pending -- -- --
06/04/2023 06/04/23 For Sale $164,900 -- $94 / Sq Ft
Source: MLS Now

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 $1,843 $32,362 $5,345 $27,017
2024 $1,843 $32,362 $5,345 $27,017
2023 $1,843 $32,295 $5,345 $26,950
2022 $1,781 $24,466 $4,050 $20,416
2021 $1,713 $24,466 $4,050 $20,416
2020 $1,635 $23,680 $4,050 $19,630
2019 $1,310 $15,640 $4,400 $11,240
2018 $1,295 $15,640 $4,400 $11,240
2017 $1,330 $15,640 $4,400 $11,240
2016 $1,331 $16,560 $4,660 $11,900
2015 $1,330 $16,560 $4,660 $11,900
2014 $1,320 $16,560 $4,660 $11,900
2013 $1,604 $20,940 $4,660 $16,280
Source: Public Records

Agents Affiliated with this Home

  • Alex Johnson

    Seller's Agent in 2023

    Alex Johnson

    Real Estate Quest, Inc.

    (440) 724-5116

    2 in this area

    172 Total Sales

    Alex Johnson
    Section Image

  • D

    Buyer's Agent in 2023

    Deletria Walters

    Twin Oaks Realty

    (330) 606-8866

    1 in this area

    15 Total Sales

    Deletria Walters
    Section Image
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Map

Source: MLS Now

MLS Number: 4463963

MLS Now

APN: 67-31927

Ohio Summit County Akron 44301 South Akron

1235 Wilbur Ave, Akron, OH

Not Listed for Sale

MultiFamily

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