NOT LISTED FOR SALE

550 Brown St Akron, OH 44311

Downtown Akron Neighborhood
8 Beds
4 Baths
5,640 Sq Ft
5,641 Sq Ft Lot

Last Sold September 09, 2021

Last sale price $209,000 $37 Per Sq Ft

62 Days on Market

About This Home

As of September 2021

Don't miss this great opportunity to own this Brick 4 unit located close to the university. All the utilities have been separated and the owner only pays for trash, water, and sewer. The owner also has separate storage rooms located in the basement with coin-operated laundry machines for the tenants to use. All the units are almost identical with hardwood floors throughout the entire building. One unit has recently been remodeled with a new kitchen. This would be a great first-time investment or a great addition to your portfolio.

Last Agent to Sell the Property

Brent Chervenic

Keller Williams Chervenic Rlty License #2016005644 Listed on: 05/28/2021

Co-Listed By

Brooke Chervenic

Deleted Agent License #2017003003

Last Buyer's Agent

Debbie Ferrante

RE/MAX Edge Realty License #2010000047

RE/MAX Edge Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,624

Year Built

  • Built in 1926

Lot Details

  • 5,641 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 5,640 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector
  • Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for cable/electric link, electric, gas
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 6827894

Community Details

Overview

  • 4 Units
  • Ledge Allotment Community

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,624

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Four
  • Price Per Square Foot: 37.06
  • Estimated Price per Sq Ft: 37.06
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 5640
  • Year Built: 1926
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1926

Interior Features

  • Appliances Equipment: Dryer, Range, Refrigerator, Smoke Detector, Washer
  • Total Bedrooms: 8
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement Detail: Full, Unfinished
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 5640.00
  • Sq Ft Approx Total Finished: 5640.00

Exterior Features

  • Exterior: Brick
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved

Utilities

  • LaundryFeatures: Shared
  • Cooling Type: Wall Unit(s)
  • Heating Fuel: Gas
  • Heating Type: Forced Air
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: Ledge Allotment

Fee Information

  • Op Expenses: 8128.72

Schools

  • School District: Akron CSD
  • School District: Akron CSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.1295
  • Parcel Number: 6827894

Rental Info

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

Multi Family

  • Unit Count: 4
  • Gross Income: 30480.00
  • Net Income: 22351.28
  • Num Of Buildings: 1
  • Number of Units: 4
  • Percent Units Occupied: 100

Tax Info

  • Tax: 4624

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
09/09/2021 09/09/21 Sold $209,000 0.0% $37 / Sq Ft
07/29/2021 07/29/21 Pending -- -- --
07/25/2021 07/25/21 Price Changed $209,000 0.0% $37 / Sq Ft
07/25/2021 07/25/21 For Sale $209,000 -4.6% $37 / Sq Ft
06/07/2021 06/07/21 Pending -- -- --
05/28/2021 05/28/21 For Sale $219,000 -- $39 / Sq Ft
Source: MLS Now

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2021

    Brent Chervenic

    Keller Williams Chervenic Rlty

  • B

    Seller Co-Listing Agent in 2021

    Brooke Chervenic

    Deleted Agent

    Section Image
  • Debbie Ferrante

    Buyer's Agent in 2021

    Debbie Ferrante

    RE/MAX

    (330) 958-8394

    5 in this area

    2,467 Total Sales

    Debbie Ferrante
    Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 4283967

MLS Now
Ohio Summit County Akron 44311 Downtown Akron

550 Brown St, Akron, OH

This home is located at 550 Brown St, Akron, OH 44311 since 28 May 2021. This property was built in 1926. 550 Brown St is a home located in Summit County with nearby schools including North High School, Main Preparatory Academy, and St. Bernard-St. Mary Elementary School.

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.

MLS Now 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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