Cash Cow 8plex
25-27 Mcnaughton Street, Akron, OH
-6.52% return
SP:
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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 statusPending
  • 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 rehab 1 $20,000
  • Total investment $220,000
  • Type Actual
  • After repair value $280,000
  • Potential profit $60,000
  • Gross income (annually) $0
  • Operating expenses (annually) $14,344
  • Net income (annually) -$14,344
  • Gross return 0.00%
  • Gross income (monthly) $0
  • Operating expenses (monthly) $1,195
  • Net income (monthly) -$1,195
  • Net return -6.52%

Property Income & Expenses

  • 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.

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