884 Sheridan Avenue Akron, OH
$ 47,000
Property Attributes
  • MLS#4320032
  • TypeContingent
  • CountySUMMIT
  • CityAkron
  • AreaSouthwest Akron
  • NeighborhoodLookout Heights
  • Zip44307
  • StyleColonial
  • Year Built1927
  • Taxes$ 1260
  • Price$ 47,000
  • Bedrooms6
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage1485
  • Lot Size0.3 Acres
Listing Provided Courtesy Of:
David Callander with Century 21 Carolyn Riley RL Est. Srvcs.
Data Source:
Property Description

AMAZING INVESTMENT OPPORTUNITY!!! This property is part of a portfolio of seven Rooming Houses that net over $100,000 profit EACH Year!! This portfolio of Investment Properties boasts a shocking Cap Rate of over 30%...This IS NOT a misprint! Each of these Rooming Houses has between 5-8 separate bedrooms that rent for $440 per month EACH....AND the entire portfolio averages 85% occupancy!!! Seller is looking to sell the entire Seven House Portfolio for $329,000 but is open to selling these properties individually as well. (See Broker Remarks for list of the other properties) ALL the work is already done...houses have been divided into separate rental rooms with universal access to Kitchen, Bathroom, and Basement Laundry for the tenants.,,,AND with each room renting at $440 a month and 5-8 rooms per the math on what these Single Family Cash Cows bring in per month!! Don't miss your chance at this unique Investment Opportunity...These do not come around very often!!! This individual property has 6 rental rooms. All 6 rooms currently rented at time of listing. This property has a Cap Rate of 46%. This property has additional fenced in lot that offers a spacious, park like setting for tenants!

Price History
9/26/2021 Listed $47,000

General Features

Additional Parcels Description 6810543
Appliances Dryer, Range, Refrigerator, Washer
Architectural Style Colonial
Basement Common Basement, Full, Unfinished
Construction Materials Wood Siding
Cooling Central Air
Elementary School District Akron CSD
Exterior Features Porch, Unpaved Driveway
Garage Spaces 2
Garage Y/N Yes
Heating Forced Air, Gas
High School District Akron CSD
Listing Agent State License 2014001201
MLS Area Southwest Akron
Middle/Junior School District Akron CSD
Patio/Porch Features Porch
Property Sub Type Additional Single Family Residence
Property SubType Single Family Residence
Property Type Residential
Roof Asphalt, Fiberglass
Sewer Public Sewer
Status Contingent
Stories 2
Subdivision Name Lookout Heights
Terms Cash, Conventional
Township Akron City
Virtual Tour

Interior Features

Above Grade Finished Area 1485
Above Grade Finished Area Source Realist
Air Conditioning Y/N Yes
Below Grade Finished Area Source Realist
Fireplace Y/N Yes
Full Baths 1
Heating Y/N Yes
Living Area 1485
Total Baths 1
Total Bedrooms 6
Total Fireplaces 1

Exterior Features

Fencing Chain Link
Lot Size Acres 0.3
Lot Size Area 0.3
Lot Size Units Acres
Parking Features Detached, Garage
Water Source Public


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

Property vs Contingent Average in 44307

AVG $50K
AVG $1,260
AVG 20
Year Built
AVG 1927
AVG 51
Data Provided by Walkscore ® not using MLS data

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