275 Sobul Avenue | Akron
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.
