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About This Home

This 3-bedroom, 2-bathroom residential 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.

Agent Description

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 $695 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.

Key Features

  • Built in 1914
  • 0.11 acre lot
  • 2 stories

Property Details

2 stories
2 full
1914

Amenities

A/C

Monthly Cost Estimate

$588/mo

20% down · 6.5% · 30 years

Principal$79
Interest$476
Insurance$32

Estimates only. Actual payments may vary.

Location

56 Vesper Street

Akron, OH 44310

Portage 06

Property Details

Construction

AluminumSiding VinylSiding

Parking

On Street

Heating

Forced AirNatural Gas

Cooling

Central Air

Questions & Answers

This 3-bedroom, 2-bathroom residential multi family at 56 Vesper Street is listed at $109,900 ($64/sqft). The estimated monthly payment is $476 based on 20% down at 6.5% interest.

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 or thefrederickteam@gmail.com.

CF

Christopher A Frederick

Agent at Coldwell Banker Schmidt Realty

(216) 210-7653

Listed by Coldwell Banker Schmidt Realty · View on Broker Site

MLS# 5219180· Source: listhub· Updated 1 days ago

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56 Vesper Street, Akron, OH 44310

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