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Pending
  • $195,000

    1200 Florida Ave, Akron, OH 44314

    8beds
    4,344sqft
    : 
    Quadruplex, Multi Family
    Built in 1915
    -- sqft lot
    $-- Zestimate®
    $45/sqft
    $-- HOA

    What's special

    Excellent investment opportunity in Akron! This fully rented quadruplex generates impressive cash flow with a gross monthly rent of $32,875 and annual expenses of just $12,935, which includes a professional property management company already in place. With a capitalization rate of 11.25%, this property is a proven moneymaker-ideal for both new and experienced investors. The building features four separate units: two 2-bedroom units, one 1-bedroom unit, and one 3-bedroom unit. Each unit has its own furnace, allowing tenants to control their own heat. The owner pays all utilities and owns all appliances, ensuring smooth operation and tenant satisfaction. This is a turnkey opportunity to own a high-performing asset in a solid rental market. Don't miss your chance to add this income-producing property to your portfolio!
    8 days
    on Zillow
    |
    254
    |
    17
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 23, 2025 at 05:56am

    Listed by:

    Shannon Hornacek shannonhornacek@howardhanna.com330-858-8865,

    Howard Hanna

    Source: MLS Now,MLS#: 5115426Originating MLS: Akron Cleveland Association of REALTORS
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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Forced Air, Gas
    Cooling
    • None
    Appliances
    • Included: Range, Refrigerator
    Features
    • Basement: Full
    Interior area
    • Total structure area: 4,344
    • Total interior livable area: 4,344 sqft
    • Finished area above ground: 4,344
    Video & virtual tour

    Property

    Parking
    • Parking features: None
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 3,484.8 Square Feet
    Details
    • Parcel number: 6804530

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex, Multi Family
    Materials
    • Brick
    • Roof: Slate
    Condition
    • Year built: 1915

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Shadyside
    Location
    • Region: Akron

    Financial & listing details

    • Price per square foot: $45/sqft
    • Annual tax amount: $2,591
    • Date on market: 4/18/2025
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Tenant pays: Cable TV, Internet
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