About This Home
This 3-bedroom, 2-bathroom multi-family at 56 Vesper Street in Akron, OH is listed for $109,900 ($64 per sqft). Built in 1914, the home offers 1,709 sqft of living space on a 0.11 acres lot.
Key Features
- Built in 1914
- 0.11 acre lot
- 2 stories
Property Details
Amenities
Attention investors! Turnkey, fully occupied duplex located on a desirable street & offering immediate rental income. Whether you're looking for an easy first investment property or a solid addition to your existing portfolio, this affordable opportunity deserves your attention.
Property features a long-term second-floor tenant currently on a month-to-month lease paying $575 per month and a newer first-floor tenant occupying the efficiency unit at $595 per month. Separate gas & electric meters help minimize owner expenses, while the owner currently pays water, sewer & trash services.
Additional features include off-street parking, partially fenced yard and a full basement providing storage and utility space. Property is not perfect but is in decent overall condition with some nice updates and has provided reliable income for a long-term owner who is now selling a portfolio after more than 20 years of ownership.
This is a practical investment opportunity with existing cash flow, manageable operating expenses and upside potential for future improvements or rent adjustments. Please do not disturb the tenants. Showings will be provided after an acceptable offer has been negotiated. No wholesalers/no owner financing. Don't miss this chance to acquire a fully occupied income-producing property at an affordable price.
Monthly Cost Estimate
$588/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
56 Vesper Street
Akron, OH 44310
Portage 06
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 3-bedroom, 2-bathroom multi-family at 56 Vesper Street is listed at $109,900 ($64/sqft). The estimated monthly payment is $588 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1914, 0.11 acre lot, 2 stories.
This property is listed by Christopher A Frederick and can be reached at 2162107653.
