NOT LISTED FOR SALE

Estimated Value: $116,000 - $146,000

26 Beds
10 Baths
8,663 Sq Ft
$15/Sq Ft Est. Value

Last Sold October 16, 2023

Last sale price $265,000 $31 Per Sq Ft

Current estimated payment $914/month

31 Days on Market

Highlights

  • 0.24 Acre Lot
  • Forced Air Heating System
  • 2-minute walk to Thornton Park

About This Home

As of October 2023

Attention all investors! This great opportunity awaits you. There are three parcels in all consisting of five buildings and two garages. These include two single family houses with four bedrooms each that are set up to lease per room at an estimated $400/room per month, a three unit apartment that has 1- 3 bedroom apartment, and 2- 1 bedroom apartments with an estimated gross rent of $2,100 per month, a second three unit apartment that consists of 2- 3 bedroom apartments, and 1- 1 bedroom apartment with an estimated market rent of $2,250 gross/month, and a 2 unit apartment with 3 bedrooms each and an estimated gross rent of $1,600/month. The electric meters are split on all buildings. The gas and water/sewer/trash is set up to be paid by the landlord. The properties need some work but the ARV is very generous with great cash flow. Total gross rent for all five buildings is over $9,150 plus per month with an ARV of about 3 times the asking price.

Last Agent to Sell the Property

Brett Walchalk

Russell Real Estate Services License #2013003922 Listed on: 07/31/2023

Russell Real Estate Services

Last Buyer's Agent

Brett Walchalk

Russell Real Estate Services License #2013003922 Listed on: 07/31/2023

Russell Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1884

Lot Details

  • 10,528 Sq Ft Lot
  • Unpaved Streets

Parking

  • 2 Car Garage

Home Design

  • Slate Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 8,663 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 26 Bedrooms
  • 10 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 6845914

Community Details

Overview

  • 5 Buildings
  • 16 Units
  • Voris & Steinbacher Community

Amenities

  • No Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1884

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Four
  • Price Per Square Foot: 30.59
  • Estimated Price per Sq Ft: 30.59
  • Year Built Exception: Actual YBT
  • Num Of Stories: 2.00
  • Total Sq Ft: 8663
  • Year Built: 1884
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Attribution Contact: bwalchalk@russellrealty.com (330) 618-0711
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1884

Interior Features

  • Total Bedrooms: 26
  • Total Bathrooms: 10.00
  • Full Bathrooms: 10
  • Sq Ft Approx Above Grade Finished: 8663.00
  • Sq Ft Approx Total Finished: 8663.00

Exterior Features

  • Exterior: Vinyl
  • Roof: Asphalt/Fiberglass, Slate

Garage/Parking

  • Driveway: Unpaved
  • Garage Num Of Cars: 2

Utilities

  • LaundryFeatures: None
  • Heating Fuel: Gas
  • Heating Type: Forced Air
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: Voris & Steinbacher

Schools

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

Lot Info

  • Additional Assessor Parcel Number 1: 6826506
  • Additional Assessor Parcel Number 2: 6840941
  • Lot Size Units: Acres
  • Acres: 0.2417
  • Parcel Number: 6845914

Multi Family

  • Unit Count: 4
  • Num Of Buildings: 5
  • Number of Units: 16

Tax Info

  • Tax: 14614

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 24, 2018
Sold by
Baughman Janet E
Bought by
Stracensky Jeffrey
Current Estimated Value
$119,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,095
Outstanding Balance
$244,205
Interest Rate
3.99%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
-$120,872

Purchase Details

Closed on
Jan 26, 2004
Sold by
J L B Properties Inc
Bought by
Baughman Gerald L and Baughman Janet E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
5.96%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 26, 2000
Sold by
Henry Aaron P and Clark Constance L
Bought by
Jlb Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
8%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Stracensky Jeffrey $285,095 Minnesota Title Box
Baughman Gerald L $265,000 Johnson & Parrish Title
Jlb Properties Inc $71,500 Johnson & Parrish Title Agen
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stracensky Jeffrey $285,095
Previous Owner Baughman Gerald L $58,000
Previous Owner Baughman Gerald L $265,000
Previous Owner Jlb Properties Inc $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2023 10/16/23 Sold $265,000 -7.0% $31 / Sq Ft
08/31/2023 08/31/23 Pending -- -- --
08/23/2023 08/23/23 For Sale $285,000 0.0% $33 / Sq Ft
08/13/2023 08/13/23 Pending -- -- --
07/31/2023 07/31/23 For Sale $285,000 -- $33 / 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 $3,104 $50,596 $9,128 $41,468
2024 $3,104 $50,596 $9,128 $41,468
2021 $2,674 $37,934 $6,045 $31,889
2020 $3,019 $37,940 $6,050 $31,890
2019 $2,860 $40,140 $6,100 $34,040
2018 $4,019 $40,140 $6,100 $34,040
2017 $2,702 $40,140 $6,100 $34,040
2016 $2,702 $34,300 $6,100 $28,200
2015 $2,702 $34,300 $6,100 $28,200
2014 $3,906 $41,730 $11,980 $29,750
2013 $2,756 $28,010 $10,180 $17,830
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 4478538

MLS Now

APN: 68-45914