Cash Cow 8plex

25-27 Mcnaughton Street, Akron, OH

-6.52% return

SP: $200,000

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Property Description

Great starter property!!

Nice 8plex, located in beautiful Akron, OH. Building will a 16%+ net return on investment!! Tons of growth in the state. Minutes away from University of Akron. Around the corner from fine dining.

Professional property management is in place. Financing is available.

Property Information

Listing statusSold
Property typeMulti Family
Total units0
Total bedrooms0
Total bathrooms0
Building size0 sq. ft.
Lot size0.1 acres
Year built(unknown)

CountySummit County
Subdivision
Construction(unknown)
Roof(unknown)
Water sourceCity water
Water disposalSewer
Heating(unknown)
Cooling(unknown)

Property Financial Summary

Sale price$200,000
Estimated rehab¹$20,000
Total investment$220,000

TypeActual
After repair value$280,000
Potential profit$60,000

Gross income (annually)$0
Operating expenses (annually)$14,344
Net income (annually)-$14,344
Gross return0.00%

Gross income (monthly)$0
Operating expenses (monthly)$1,195
Net income (monthly)-$1,195
Net return-6.52%

Property Income & ExpensesMonthlyAnnual

Income

No income records for this property.

Total$0/month$0/year

Expenses

Property Taxes$91/month$1,086/year
Water and Sewer$141/month$1,692/year
Gas Utility Bill$35/month$420/year
Electric bill$164/month$1,962/year
Property Management$432/month$5,184/year
Maintenance reserve$208/month$2,500/year
Insurance (estimated)$125/month$1,500/year
Total$1,195/month$14,344/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.