NOT LISTED FOR SALE

313 Power St Akron, OH 44311

Downtown Akron Neighborhood

Estimated Value: $105,000 - $125,000

4 Beds
2 Baths
1,541 Sq Ft
$75/Sq Ft Est. Value

Last Sold March 27, 2023

Last sale price $140,000 $91 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $737/month

74 Days on Market

About This Home

As of March 2023

Located in the heart of off campus houses, this a great opportunity to own 8 contiguous parcels as a package of turnkey University of Akron student rentals! The 26 bedroom package consists of 2 duplexes, 3 single family houses and 2 additional single family houses each with 2 kitchens that could easily be converted into duplexes.There is also a large 16 space parking lot.

Annual Income of $119,340, Utilities $7,992, Insurance $3,996, Tax $11,544, Lawn $2,802, Repair $2,493. Net Operating Income $88,053

Currently leased through July 2023; owner is in the process of renewing leases through July 2024.

Fantastic cash flow opportunity!!

Last Agent to Sell the Property

Justin Aikens

Keller Williams Chervenic Rlty License #2012000353 Listed on: 11/18/2022

Keller Williams Chervenic Rlty

Last Buyer's Agent

Robert Cole

RE/MAX Above & Beyond License #2016001279

RE/MAX Above & Beyond

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,420

Year Built

  • Built in 1909

Lot Details

  • 2,034 Sq Ft Lot

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,541 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 2 Units
  • Voris & Steinbachers Allotmen Community

Listing and Financial Details

  • Assessor Parcel Number 6842673

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,420

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • Price Per Square Foot: 90.85
  • Estimated Price per Sq Ft: 90.85
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 1541
  • Year Built: 1909
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1909

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 1541.00
  • Sq Ft Approx Total Finished: 1541.00

Exterior Features

  • Exterior: Vinyl
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved

Utilities

  • LaundryFeatures: In Unit
  • Heating Fuel: Gas
  • Heating Type: Forced Air
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: Voris & Steinbachers Allotmen

Schools

  • School District: Akron CSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.0467
  • Parcel Number: 6842673

Multi Family

  • Num Of Buildings: 1
  • Number of Units: 2

Tax Info

  • Tax: 1420

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2022
Closed on
Mar 27, 2023
Sold by
Roo Town Rentals Llc
Bought by
Inkwell Investments Llc
Seller's Agent
Justin Aikens
Keller Williams Chervenic Rlty
Buyer's Agent
Robert Cole
RE/MAX Above & Beyond
List Price
$149,900
Sold Price
$140,000
Premium/Discount to List
-$9,900
-6.6%
Views
46
Current Estimated Value
$115,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$25,000
Avg. Annual Appreciation
-7.03%
Original Mortgage
$110,400
Outstanding Balance
$107,052
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$7,948

Purchase Details

Listed on
Nov 18, 2022
Closed on
Mar 14, 2023
Sold by
Roo Town Rentals Llc
Bought by
Inkwell Investments Llc
Seller's Agent
Justin Aikens
Keller Williams Chervenic Rlty
Buyer's Agent
Robert Cole
RE/MAX Above & Beyond
List Price
$149,900
Sold Price
$140,000
Premium/Discount to List
-$9,900
-6.6%
Views
46

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,400
Outstanding Balance
$107,052
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$7,948

Purchase Details

Closed on
Nov 16, 2011
Sold by
Mccabe John P and Mccabe Jessica R
Bought by
Roo Town Rentals Llc

Purchase Details

Closed on
Oct 14, 2009
Sold by
Mccabe John P and Mccabe John
Bought by
Mccabe John P and Mccabe Jessica R

Purchase Details

Closed on
Jun 9, 2003
Sold by
Voorhees Joshua D
Bought by
Mccabe John P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,850
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage
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
Inkwell Investments Llc $1,105,200 --
Inkwell Investments Llc $1,105,200 None Listed On Document
Roo Town Rentals Llc -- Attorney
Mccabe John P -- Attorney
Mccabe John P $43,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Inkwell Investments Llc $110,400
Closed Inkwell Investments Llc $110,400
Previous Owner Mccabe John P $40,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2023 03/27/23 Sold $140,000 0.0% $91 / Sq Ft
01/31/2023 01/31/23 Off Market $140,000 -- --
01/31/2023 01/31/23 Pending -- -- --
11/18/2022 11/18/22 For Sale $149,900 -- $97 / 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 $1,622 $29,533 $3,969 $25,564
2024 $1,622 $29,533 $3,969 $25,564
2023 $1,622 $29,533 $3,969 $25,564
2022 $1,367 $19,401 $2,629 $16,772
2021 $1,422 $19,401 $2,629 $16,772
2020 $1,402 $19,400 $2,630 $16,770
2019 $1,317 $16,450 $2,630 $13,820
2018 $1,301 $16,450 $2,630 $13,820
2017 $1,091 $16,450 $2,630 $13,820
2016 $1,092 $14,040 $2,630 $11,410
2015 $1,091 $14,040 $2,630 $11,410
2014 $1,083 $14,040 $2,630 $11,410
2013 $1,155 $15,800 $2,630 $13,170
Source: Public Records

Agents Affiliated with this Home

  • Justin Aikens

    Seller's Agent in 2023

    Justin Aikens

    Keller Williams Chervenic Rlty

    (330) 388-2637

    56 in this area

    430 Total Sales

    Justin Aikens
    Section Image
  • Robert Cole

    Buyer's Agent in 2023

    Robert Cole

    RE/MAX

    (440) 241-5221

    9 in this area

    273 Total Sales

    Robert Cole
    Section Image
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Map

Source: MLS Now

MLS Number: 4423073

MLS Now

APN: 68-42673

Ohio Summit County Akron 44304 Downtown Akron

313 Power St, Akron, OH

Not Listed for Sale

MultiFamily

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