Home for Sale at 275 Sobul Avenue in Akron, OH for $100,000

275 Sobul Avenue | Akron

$100,000 | 3 Beds | 2 Baths (2 Full) | 1,068 Sq. Ft.

INVESTORS TAKE NOTICE! ESTABLISHED RENTAL WITH IMMEDIATE INCOME POTENTIAL! Looking to expand your investment portfolio without the hassle of finding a tenant? Here\u0027s your opportunity! Located in Akron\u0027s Goodyear Heights neighborhood, 275 Sobul Avenue is an income-producing rental offered at just $100,000, currently generating $1,250 per month in rental income through an established tenancy with rental assistance provided by the Akron Metropolitan Housing Authority (AMHA).\r\n\r\nThe current tenants have occupied the property for over a year, and the home has successfully passed its most recent annual housing inspection. Additionally, a request for a rental increase has recently been submitted through AMHA, presenting the possibility of additional income pending approval.\r\n\r\nThis approximately 1,200-square-foot bungalow features three bedrooms, one full bathroom, and a functional layout that includes a convenient first-floor bedroom. Additional features include a spacious living room, kitchen with ample cabinetry, mudroom, enclosed front porch, full basement with laundry area, patio space, and detached one-car garage.\r\n\r\nTHE NUMBERS DESERVE YOUR ATTENTION! At the current rental rate, this property generates $15,000 in annual gross rental income, representing an approximately 15.2% gross rental yield based on the asking price, before operating expenses.\r\n\r\nWith established tenants, existing rental income, and a recently passed annual inspection, much of the groundwork has already been done. Whether you\u0027re a seasoned investor or looking to acquire your next rental property, this Goodyear Heights opportunity is worth a closer look.\r\n\r\nOffered at $100,000 \u2014 schedule your showing and discover the investment potential! MLSNow 5258067

Directions to property: GOODYEAR BLVD TO PONDVIEW TO SOBUL AVENUE.

MLS Listing ID: 
MLSNow 5258067
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$100,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Residential
Property Sub Type: 
Single Family Residence
Primary Market Area: 
Akron
Address: 
275 Sobul Avenue, Akron, OH 44305
County: 
Summit
Latitude: 
41.0716600
Longitude: 
-81.4770830
Directions: 
GOODYEAR BLVD TO PONDVIEW TO SOBUL AVENUE.
Public Remarks: 
INVESTORS TAKE NOTICE! ESTABLISHED RENTAL WITH IMMEDIATE INCOME POTENTIAL! Looking to expand your investment portfolio without the hassle of finding a tenant? Here\u0027s your opportunity! Located in Akron\u0027s Goodyear Heights neighborhood, 275 Sobul Avenue is an income-producing rental offered at just $100,000, currently generating $1,250 per month in rental income through an established tenancy with rental assistance provided by the Akron Metropolitan Housing Authority (AMHA).\r\n\r\nThe current tenants have occupied the property for over a year, and the home has successfully passed its most recent annual housing inspection. Additionally, a request for a rental increase has recently been submitted through AMHA, presenting the possibility of additional income pending approval.\r\n\r\nThis approximately 1,200-square-foot bungalow features three bedrooms, one full bathroom, and a functional layout that includes a convenient first-floor bedroom. Additional features include a spacious living room, kitchen with ample cabinetry, mudroom, enclosed front porch, full basement with laundry area, patio space, and detached one-car garage.\r\n\r\nTHE NUMBERS DESERVE YOUR ATTENTION! At the current rental rate, this property generates $15,000 in annual gross rental income, representing an approximately 15.2% gross rental yield based on the asking price, before operating expenses.\r\n\r\nWith established tenants, existing rental income, and a recently passed annual inspection, much of the groundwork has already been done. Whether you\u0027re a seasoned investor or looking to acquire your next rental property, this Goodyear Heights opportunity is worth a closer look.\r\n\r\nOffered at $100,000 \u2014 schedule your showing and discover the investment potential!
Community Information
School District: 
Akron CSD - 7701
Subdivision: 
Pondview
Building Details
Details about the building on a property.
Architectural Style: 
Bungalow
Stories: 
2
Year Built: 
1928
Living Area: 
1,068
Basement: 
Full,Concrete,Unfinished
Interior: 
Ceiling Fan(s),Laminate Counters
Construction
Construction Materials: 
Aluminum Siding,Block,Vinyl Siding
Foundation Details: 
Block
Roof: 
Asphalt,Fiberglass
Porch: 
Awning(s),Enclosed,Patio,Porch
Room Details
Details about the rooms in the building.
Total Rooms: 
5
Total Bedrooms: 
3
Total Bathrooms: 
2
Total Full-Bathrooms: 
2
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Fireplace(s),Gas
Cooling System: 
None
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.08
Lot Size (Area): 
0.08
Lot Size (Dimensions): 
40 x 82
Lot Features
Parking Type: 
Detached,Garage,Unpaved
Fence: 
Block
Public Record
Parcel Number: 
6739129
Annual Tax: 
$1,572.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Real Estate Quest, Inc.

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