988 Jefferson Ave, Akron OH 44302 Photo 1 988 Jefferson Ave, Akron OH 44302 Photo 2 988 Jefferson Ave, Akron OH 44302 Photo 3 988 Jefferson Ave, Akron OH 44302 Photo 4 988 Jefferson Ave, Akron OH 44302 Photo 5 988 Jefferson Ave, Akron OH 44302 Photo 6 988 Jefferson Ave, Akron OH 44302 Photo 7 988 Jefferson Ave, Akron OH 44302 Photo 8 988 Jefferson Ave, Akron OH 44302 Photo 9 988 Jefferson Ave, Akron OH 44302 Photo 10 988 Jefferson Ave, Akron OH 44302 Photo 11 988 Jefferson Ave, Akron OH 44302 Photo 12 988 Jefferson Ave, Akron OH 44302 Photo 13 988 Jefferson Ave, Akron OH 44302 Photo 14 988 Jefferson Ave, Akron OH 44302 Photo 15 988 Jefferson Ave, Akron OH 44302 Photo 16 988 Jefferson Ave, Akron OH 44302 Photo 17 988 Jefferson Ave, Akron OH 44302 Photo 18 988 Jefferson Ave, Akron OH 44302 Photo 19 988 Jefferson Ave, Akron OH 44302 Photo 20 988 Jefferson Ave, Akron OH 44302 Photo 21 988 Jefferson Ave, Akron OH 44302 Photo 22 988 Jefferson Ave, Akron OH 44302 Photo 23 988 Jefferson Ave, Akron OH 44302 Photo 24 988 Jefferson Ave, Akron OH 44302 Photo 25

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988 Jefferson Ave - Cash cow! 16% cap rate. Beautiful sold brick 7 unit apartment building near historic Highland Square in Akron. There are six 3 bedroom units ($964) and one 1 bedroom unit ($683). Guaranteed subsidized rents. Building has parking lot and laundry room. Always 100% occupied with waiting list. Very well maintained. Cap rate is 17%. This is an excellent opportunity to buy a turn key investment that makes a ton of cash. Call today to set up showing. Serious, qualified buyers only.

Listing information

  • MLS® ID: 3757814
  • Status: Sold on 12/30/2015
  • New Construction: No
  • Lot Size: 67x114
  • Style: Commercial
  • Stories: 0
  • Foreclosure: No
  • Estimated Annual Taxes: $5,669
  • Year Built: 1918
  • Parking Type Description: On Site 7 cars
  • Lot Area: 0.17
  • County: Summit

Features

Apartments Type Apartments Only
Available Financing Cash, Conventional
Basement Detail Common
Cooling Type None
Fences Chain Link, Wood
Heating Fuel Gas
Heating Type Hot Water/Steam, Radiators
Location Urban
Miscellaneous Features Fire Sprinkler Syste, Security Lighting, Security System
Other Assessments YN - 0, Electric - 812, Elevator YN - 0, Heat - 6840, Homestead Exemption YN - 0, Lot Size Depth - 114, Lot Size Frontage - 67, Num Of Apartments Total - 7, Num Of Units - 7, Residential SF - 7308, Sewer Water - 4768, Trash Rubbish - 3149
Owner Pays Heating, Sewer, Trash Collection, Water
Possession Time of Transfer
Property Subtype Apartment
Roof Asphalt/Fiberglass, Rubber
Tenant Pays Cable/Electric Link, Electric
Water Sewer Public Sewer, Public Water
Listing Courtesy of Re/Max Crossroads Properties