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!
Pending
$195,000
1200 Florida Ave, Akron, OH 44314
8beds
4,344sqft
Est.:
Quadruplex, Multi Family
Built in 1915
-- sqft lot
$-- Zestimate®
$45/sqft
$-- HOA
What's special
- 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
Travel times
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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