873 Jason Avenue Akron, OH $ 1,515,000
873 Jason Avenue
$ 1,515,000
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873 Jason Avenue

Akron, OH, 44314
$ 1,515,000
Baths0.0

Monthly Estimate*

$ 10,069

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Studio

Commercial Property for sale in Akron, OH

for $1,515,000. This building was built in 1960 on a lot size of 1.82.

Fantastic Investment Portfolio! 12 buildings with 25 rental units plus 2 vacant lots are available for bundle purchase. Vacancy averages 5-6%. Average gross income is $170-175,000. Average yearly expenses are $75,000; an established NOI of $100,000! Mostly all long-term tenants. One owner started investing in this area in 1998 and over the years built up a great portfolio! The bundle consists of two 4 units (PPN 6800459), all 2 BD/1 BA, (PPN 6800449), all 2 BD/1 BA. One 3-unit and one 2-unit (PPN 6742141, PPN 6726936). The 3-unit is 1 BD/1 BA each. The 2-unit is 2 BD/1 BA each. There are four more 2-unit building: PPN 6742140 - 2 BD/1 BA each. PPN 6842468 - 1 BD/1 BA each. PPN 6762834 - 2 BD/1 BA each and PPN 6838852 - 2 BD/1.5 BA each. Four single-family homes (PPN 6801160) - 2 BD/1.5 BA, (PPN 6828011) - 2 BD/1 BA, (PPN 6819826) - 3 BD/1 BA and (PPN 6839061 - 4 BD/1 BA. All ranges and refrigerators convey. Single-family home tenants pay all utilities. 2-unit and 3 & 4 unit tenants pay all except water.

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Commercial Active

Price

$ 1,515,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 18,379

Style

Lot Size

1.82

Year Built

1960

Town/City

Akron

County/Region

Summit

MLS | Web ID

5038376

Features
General
Sewer PublicSewer
Heating Baseboard Electric ForcedAir Gas
Cooling CentralAir WallUnits
Possession DeliveryOfDeed
Roof Asphalt Fiberglass
Year Built 1960
Township Akron
Property SubType Apartment
Tax Year 2023
Additional Parcels Description 6800459 6800449 6742141 6726936
County Summit
Net Operating Income 100000.0
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Subdivision Name Lakewood Heights
Garage Y/N N
Status Active
Directions Jason Ave between East Ave and 13th St SW.
City Akron
Disclosures PrincipalisRealEstateLicensed
View Y/N N
Senior Community Y/N N
High School District Akron CSD - 7701
Zoning Description Residential
Waterfront Y/N N
Carport Y/N N
Street Name Jason
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 18379.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 0
Standard Status Active
Middle/Junior School District Akron CSD - 7701
Elementary School District Akron CSD - 7701
Total Actual Rent 175000.0
Property Sub Type Additional Apartment
Legal Description LAKEWOOD HTS LOT 97 ALL
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Interior
Basement ExteriorEntry Full InteriorEntry
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Electric On Property Y/N N
Main Level Bathrooms 0
Total Baths 0
Living Area Units SquareFeet
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Exterior
Parking Features AdditionalParking DirectAccess Driveway Garage Gravel NoGarage OnSite OffStreet Paved OnStreet VariesbyUnit
Water Source Public
Lot Size Area 1.82
Foundation Details Slab
Spa N
Lot Size Acres 1.82
Lot Size Units Acres
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 873
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* Excluded Features
List By
Lisa M Schmitt

Listing Agent

Berkshire Hathaway Homeservices Stouffer Realty

Broker

schmitt67@hotmail.com

Email

Affordability Calculator

$11,601
Per Month
87%
13%
0%
Monthly Principal & Interest
$10,069
Monthly Property Taxes
$1,532
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4457648 Elementary School
4457391 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/15/2024$1,515,000 Listed Price

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873 Jason Avenue, Akron, OH, 44314 is a Commercial Property for sale at $1,515,000 with a lot size of 1.82. 873 Jason Avenue is a studio with 0.0 baths and was built in 1960. The property's zip code is 44314 which is in Akron, OH