352 McGowan St, Akron, OH 44306

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%.