4 Great Duplexes, Upgrades, Porches, NEW A/C Units, Below Market Value

1939 Preston Ave, Akron, OH 44305

$400,000 After Repair Value -
$349,000 Asking Price -
$0 Cost of Repairs =
$51,000 Potential Profit

Property Details

Asking Price $349,000

After Repair Value $400,000

Costs of Repairs $0

Potential Profit $51,000

Living Area 5800 ft2

Property Type Multi-Family

Bedrooms +7

Bathrooms +7

Half Bathrooms 0

Parking 0

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $53,290

Yearly Expenses $18,500

Property Taxes $6,867

Net Operating Income $34,000

Cap Rate 10

Property Description

They are 2 Brms Units, Built-In Dishwashers, Porches/Balconies, NEW A/c Units, Shingle Roof in good condition, on their own Frontage Rd set-back from street 90 feet provides Quiet & peaceful environment.
There is a waiting list to rent them so desireable.


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