275 Sobul AvenueAkron, OH 44305

Property Description

INVESTORS TAKE NOTICE! ESTABLISHED RENTAL WITH IMMEDIATE INCOME POTENTIAL! Looking to expand your investment portfolio without the hassle of finding a tenant? Here's your opportunity! Located in Akron's 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). The 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. This 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. THE 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. With established tenants, existing rental income, and a recently passed annual inspection, much of the groundwork has already been done. Whether you're a seasoned investor or looking to acquire your next rental property, this Goodyear Heights opportunity is worth a closer look. Offered at $100,000 - schedule your showing and discover the investment potential!

Property Features

Local Schools