OH > Akron > Portage
Akron, OH 44306,352 Mcgowan ST
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Akron, OH 44306,352 Mcgowan ST
Akron, OH 44306,352 Mcgowan ST
Akron, OH 44306,352 Mcgowan ST
Akron, OH 44306,352 Mcgowan ST
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Jennifer Snyder

Jennifer Snyder

+1(234) 243-1002
$ 169,000
Est. payment /mo
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Active

352 Mcgowan ST Akron, OH 44306

5 Beds

4 Baths

2,016 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,016 sqft

Price per Sqft $83

Subdivision Portage

MLS Listing ID 5113755

Bedrooms 5

Full Baths 4

HOA Y/N No

Abv Grd Liv Area 2,016

Year Built 1928

Annual Tax Amount $2,691

Tax Year 2024

Lot Size 3,084 Sqft

Acres 0.0708

Property Sub-Type Quadruplex

Property Description

Turnkey investment with tenants in place in 3 units. Rents are under market and tenants know rent will be increased. They are all month-to-month. Some units need improvement but everything is functional. Landlord pays all utilities but they are very reasonable. 36 hours notice to view occupied units. Cap rate is nearly 10% at existing rents. When rents go to market rate, the cap rate will increase dramatically. Owner pays annually for: Insurance $1,066, Gas $1,124, Electric $1,711, Water/sewer $1,800, trash $900, taxes $2,691. Once the rents are increased to market rent the cap rate jumps to 18%.

Location

State OH

County Summit

Interior

Heating Forced Air, Gas

Cooling None

Fireplace No

Appliance Range, Refrigerator

Laundry In Basement

Exterior

Parking Features No Garage, Off Street, On Street

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Private Pool No

Building

Story 3

Foundation Block

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Schools

School District Akron Csd - 7701

Others

Tax ID 6707459

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Barbara Snyder • Snyder & Snyder Real Estate • 330-434-4343 barb@snyderandsnyder.com
agent

Jennifer Snyder

Agent | License ID: 2016004222

+1(234) 243-1002

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352 Mcgowan ST