282 Duane Dr Akron, OH 44320

SEE ATTACHED SUMMARY. 6 units to be sold together. See MLS # 4259078 (2 unit and 4 unit). These units share a private concrete parking lot that is off the road. THESE UNITS CAN PRODUCE CASH FLOW. All 6 units are metered separately for electric and gas. The current owner has owned these units for 20 years. They need some upgrading but are extremely solid overall. Owner will sell for the right price, or keep them.

Owner paid Utilities: Water / sewer, trash. Resident paid utilities: Electric, gas, cable, internet

Rental Income

Monthly Rental Income 2 unit duplex
Unit 1: $525 (7-year resident. Market rent $650)
Unit 2: $525 (9-year resident. Market rent $625)
$1,050.00 Total rent for 2 unit

Monthly rental income 4 unit
Unit 1: $325 (12-year resident, market rent is $475)
Unit 2: $465 (1 year resident, prior resident was 24 years)
Unit 3: Vacant (market rent is $450)
Unit 4: $245 (30+ year resident, did landscaping for reduced rent, $450 is market rent)
$1,485 total rent 4 unit. (when unit 3 is rented)

$2,535.00 Total monthly rents for all 6 units (market value would be $3,000 - $3,150)

$192 Avg monthly total water / sewer
$102 Avg monthly dumpster

$1693 annual 2 unit taxes paid 2020
$562 annual 2 unit insurance

$1831 annual 4 unit taxes paid 2020
$734 annual 4 unit insurance