Address
137 Massillon Road Akron, OH
Price
$ 149,700
Property Attributes
  • MLS#4265190
  • TypePending
  • CountySUMMIT
  • CityAkron
  • AreaEllet Area
  • NeighborhoodV A Spade Allotment 03
  • Zip44312
  • StyleQuadruplex
  • Year Built1931
  • Taxes3401
  • Price$ 149,700
  • Bedrooms6
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage2744
  • Lot Size5,227 SqFt
Listing Provided Courtesy Of:
Greg A Lehrer with Carriage Group Realty
Data Source:
Yes MLS, INC - Northern Ohio Regional Multiple Lis
Property Description

2 two bdrm units and 2 one bdrm units. The current owner’s family has owned these units for 33+ years. They need some upgrading but are extremely solid overall. 4 separate gas meters, 3 separate electric meters. Owner paid Utilities: water and sewer, trash (see averages below). Resident paid utilities: electric, gas, cable / internet. (1 bdrm. Units share an electric meter see below). Rental Income – As of March 2021: Unit 1: 2 bdrm. $625 (market rent is $675-$695). Unit 2: 2 bdrm. $525 (market rent $575-$650). Unit 3: Efficiency. $325 (market rent is $375-$400). Unit 4: 1 bdrm. $500.00 (market rent $550-$595). $1,975 Total current rent 4 units (market value rents could be $2,175-$2,340). **several current residents are family members of owner, rents could be higher. Expenses: $ 145.66 Average monthly expense of last 3 city of Akron Water / Sewer bills for all 4 units (owner paid). $ 3,401.00 4-unit annual taxes paid through mortgage in 2020 (2019 tax year). $ 787.00 Annual Insurance paid. $ 60.00 Average monthly electric for units 3 and 4 (owner paid). These units are a great opportunity for an investor looking to add to their portfolio. If current owner does not get a reasonable price, he will keep them long term.

Price History
3/25/2021 Listed $149,700

General Features

Appliances Range, Refrigerator
Construction Materials Brick
Cooling None
Elementary School District Akron CSD
Exterior Features Unpaved Driveway
Facing Direction West
Heating Forced Air, Fireplace(s), Gas
High School District Akron CSD
MLS Area Ellet Area
Middle/Junior School District Akron CSD
Property SubType Quadruplex
Property Type Residential
Roof Asphalt, Fiberglass
Sewer Public Sewer
Stories 2
Subdivision Name V A Spade Allotment 03
Terms Cash, Conventional
Total Units 3
Township Akron City
Virtual Tour https://www.propertypanorama.com/137-Massillon-Rd-Akron-OH-44312/unbranded

Interior Features

Above Grade Finished Area 2294
Above Grade Finished Area Source Realist
Basement Full
Below Grade Finished Area 450
Below Grade Finished Area Source Realist
Fireplace Y/N Yes
Full Baths 4
Heating Y/N Yes
Laundry Features In Unit
Living Area 2744
Total Baths 4
Total Bedrooms 6

Exterior Features

Lot Size Acres 0.12
Lot Size Area 0.12
Lot Size Units Acres
Number of Buildings 1
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 44312

Price
AVG $160K
$150K
Taxes
AVG $2,330
$3,401
Visits
AVG 54
7
Year Built
AVG 1965
1931
Walkscore
AVG 29
48
Data Provided by Walkscore ® not using MLS data

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