Seller's Agent in 2021
Greg Lehrer
Carriage Group Realty
(330) 807-4543
2 in this area
58 Total Sales
137 Massillon Rd Akron, OH 44312
Ellet Neighborhood
6
Beds
4
Baths
2,744
Sq Ft
5,401
Sq Ft Lot
About This Home
As of May 20212 two bdrm units and 2 one bdrm units. The current owner’s family has owned these units for 33+ years. They need some upgrading but are extremely solid overall. 4 separate gas meters, 3 separate electric meters.
Owner paid Utilities: water and sewer, trash (see averages below).
Resident paid utilities: electric, gas, cable / internet. (1 bdrm. Units share an electric meter see below).
Rental Income – As of March 2021:
Unit 1: 2 bdrm. $625 (market rent is $675-$695).
Unit 2: 2 bdrm. $525 (market rent $575-$650).
Unit 3: Efficiency. $325 (market rent is $375-$400).
Unit 4: 1 bdrm. $500.00 (market rent $550-$595).
$1,975 Total current rent 4 units (market value rents could be $2,175-$2,340).
**several current residents are family members of owner, rents could be higher.
Expenses:
$ 145.66 Average monthly expense of last 3 city of Akron Water / Sewer bills for all 4 units (owner paid).
$ 3,401.00 4-unit annual taxes paid through mortgage in 2020 (2019 tax year).
$ 787.00 Annual Insurance paid.
$ 60.00 Average monthly electric for units 3 and 4 (owner paid).
These units are a great opportunity for an investor looking to add to their portfolio. If current owner does not get a reasonable price, he will keep them long term.
Last Agent to Sell the Property
Carriage Group Realty License #2006007059 Listed on: 03/25/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,401
Year Built
- Built in 1931
Lot Details
- 5,401 Sq Ft Lot
- West Facing Home
- Unpaved Streets
Home Design
- Brick Exterior Construction
- Asphalt Roof
Interior Spaces
- 2-Story Property
- Basement Fills Entire Space Under The House
- Range
- Laundry in unit
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Utilities
- Forced Air Heating System
- Heating System Uses Gas
Community Details
- 4 Units
- V A Spade Allotment 03 Community
Listing and Financial Details
- Tenant pays for cable/electric link, electric, heating
- The owner pays for sewer, trash collection, water
- Assessor Parcel Number 6845729
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/14/2021 05/14/21 | Sold | $148,000 | -1.1% | $54 / Sq Ft |
| 04/02/2021 04/02/21 | Pending | -- | -- | -- |
| 03/25/2021 03/25/21 | For Sale | $149,700 | -- | $55 / 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 |
|---|---|---|---|---|
| 2024 | $3,121 | $34,475 | $5,670 | $28,805 |
| 2023 | $3,121 | $34,475 | $5,670 | $28,805 |
| 2022 | $3,128 | $34,475 | $5,670 | $28,805 |
| 2021 | $3,132 | $34,475 | $5,670 | $28,805 |
| 2020 | $3,094 | $34,480 | $5,670 | $28,810 |
| 2019 | $3,401 | $34,650 | $3,590 | $31,060 |
| 2018 | $3,383 | $34,650 | $3,590 | $31,060 |
| 2017 | $3,332 | $34,650 | $3,590 | $31,060 |
| 2016 | $3,304 | $34,840 | $3,780 | $31,060 |
| 2015 | $3,332 | $34,840 | $3,780 | $31,060 |
| 2014 | $3,291 | $34,840 | $3,780 | $31,060 |
| 2013 | $2,139 | $21,270 | $3,210 | $18,060 |
Source: Public Records
Agents Affiliated with this Home
-
Greg Lehrer
-
Tim Damiano
T
Buyer's Agent in 2021
Tim Damiano
Real of Ohio
(216) 215-6589
1 in this area
174 Total Sales
-
Chris Kilbane
Buyer Co-Listing Agent in 2021
Chris Kilbane
Russell Real Estate Services
(440) 915-8257
1 in this area
316 Total Sales
Map
Source: MLS Now
MLS Number: 4265190
APN: 68-45729
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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