NOT LISTED FOR SALE

232 Cole Ave Akron, OH 44301

South Akron Neighborhood
6 Beds
6 Baths
4,640 Sq Ft
5,536 Sq Ft Lot

Last Sold February 12, 2019

Last sale price $155,000 $33 Per Sq Ft

31 Days on Market

Highlights

  • Heating System Uses Steam
  • North Facing Home
  • 2-minute walk to Marcy Park

About This Home

As of February 2019

Solid brick 6-unit apartment complex. Cash cow with over $70,000 in recent improvements. Fully rented, section 8 approved. Completely re-wired in 2018 with 6 separate electrical panels. Completely re-painted with new carpet and flooring. Three separate entrances. Lower level has 2 one-bedroom units with access to outside. The four-unit upstairs apartments have identical floor plans. Parking for six cars behind building, plus street parking.

Last Agent to Sell the Property

John Scaglione

Coldwell Banker Schmidt Realty License #405446 Listed on: 11/12/2018

Coldwell Banker Schmidt Realty

Last Buyer's Agent

Greg Erlanger

Keller Williams Citywide License #2004000516

Keller Williams Citywide

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,284

Year Built

  • Built in 1928

Lot Details

  • 5,536 Sq Ft Lot
  • North Facing Home

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 3-Story Property
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector
  • Built-In Oven

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Location

  • City Lot

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas

Community Details

  • 6 Units
  • Cole Ave Allotment Community

Listing and Financial Details

  • Tenant pays for cable/electric link, electric
  • The owner pays for gas, trash collection, water
  • Assessor Parcel Number 6746984

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,284

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Four
  • House Faces: North
  • Price Per Square Foot: 46.13
  • Estimated Price per Sq Ft: 46.13
  • Year Built Exception: Actual YBT
  • Num Of Stories: 3.00
  • Total Sq Ft: 3360
  • Year Built: 1928
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1928

Interior Features

  • Appliances Equipment: Wall Oven, Refrigerator, Smoke Detector
  • Total Bedrooms: 6
  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • Basement Detail: Full, Partially Finished
  • Sq Ft Approx Above Grade Finished: 3360.00
  • Sq Ft Approx Below Grade Finished: 1280.00
  • Sq Ft Approx Total Finished: 4640.00

Exterior Features

  • Exterior: Brick
  • Roof: Asphalt/Fiberglass, Pitched

Garage/Parking

  • Driveway: Paved

Utilities

  • Heating Fuel: Gas
  • Heating Type: Hot Water/Steam
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: Cole Ave Allotment

Fee Information

  • Op Expenses: 8340.00

Schools

  • School District: Akron CSD

Lot Info

  • Lot Description: City Lot
  • Lot Size Units: Acres
  • Acres: 0.1271
  • Parcel Number: 6746984

Rental Info

  • Owner Pays: Gas, Trash Collection, Water
  • Tenant Pays: Cable/Electric Link, Electric

Multi Family

  • Unit Count: 2
  • Gross Income: 31500.00
  • Net Income: 23160.00
  • Num Of Buildings: 1
  • Number of Units: 6
  • Percent Units Occupied: 100

Tax Info

  • Tax: 2284
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/12/2019 02/12/19 Sold $155,000 +14.8% $33 / Sq Ft
12/13/2018 12/13/18 Pending -- -- --
11/12/2018 11/12/18 For Sale $135,000 -- $29 / 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 $4,591 $54,251 $5,814 $48,437
2024 $4,591 $54,251 $5,814 $48,437
2023 $4,692 $54,251 $5,814 $48,437
2022 $4,692 $54,251 $5,814 $48,437
2021 $4,699 $54,251 $5,814 $48,437
2020 $2,290 $54,250 $5,060 $49,190
2019 $2,317 $23,830 $5,060 $18,770
2018 $2,382 $23,830 $5,060 $18,770
2017 $2,344 $23,830 $5,060 $18,770
2016 $2,344 $25,090 $5,330 $19,760
2015 $2,344 $25,090 $5,330 $19,760
2014 $2,315 $25,090 $5,330 $19,760
2013 $2,255 $23,780 $4,530 $19,250
Source: Public Records

Agents Affiliated with this Home

  • John Scaglione

    Seller's Agent in 2019

    John Scaglione

    Coldwell Banker Schmidt Realty

    (330) 618-0292

    350 Total Sales

    John Scaglione
    Section Image
  • Greg Erlanger

    Buyer's Agent in 2019

    Greg Erlanger

    Keller Williams Citywide

    (216) 570-3270

    2 in this area

    3,676 Total Sales

    Greg Erlanger
    Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 4052669

MLS Now
Ohio Summit County Akron 44301 South Akron

232 Cole Ave, Akron, OH

Not Listed for Sale

MultiFamily

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