Seller's Agent in 2023
Justin Aikens
Keller Williams Chervenic Rlty
(330) 388-2637
56 in this area
416 Total Sales
313 Power St Akron, OH 44311
Downtown Akron NeighborhoodEstimated Value: $125,000 - $128,000
4
Beds
2
Baths
1,541
Sq Ft
$82/Sq Ft
Est. Value
About This Home
As of March 2023Located 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
Keller Williams Chervenic Rlty License #2012000353 Listed on: 11/18/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,420
Year Built
- Built in 1909
Lot Details
- 2,034 Sq Ft Lot
Parking
- Driveway
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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 18, 2022
Closed on
Mar 27, 2023
Sold by
Bought by
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,667
Avg. Annual Appreciation
-3.11%
Original Mortgage
$110,400
Outstanding Balance
$105,909
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$20,424
Purchase Details
Listed on
Nov 18, 2022
Closed on
Mar 14, 2023
Sold by
Bought by
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
$105,909
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$20,424
Purchase Details
Closed on
Nov 16, 2011
Sold by
Bought by
Purchase Details
Closed on
Oct 14, 2009
Sold by
Bought by
Purchase Details
Closed on
Jun 9, 2003
Sold by
Bought by
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
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,105,200 | -- | ||
| $1,105,200 | None Listed On Document | ||
| -- | Attorney | ||
| -- | Attorney | ||
| $43,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $110,400 | ||
| Closed | $110,400 | ||
| Previous Owner | $40,850 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $3,456 | $29,533 | $3,969 | $25,564 |
| 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
-
Robert Cole
Buyer's Agent in 2023
Robert Cole
RE/MAX
(440) 241-5221
9 in this area
273 Total Sales
Map
Source: MLS Now
MLS Number: 4423073
APN: 68-42673
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