788 Montana Avenue, Akron, Ohio

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788 Montana Avenue, Akron, Ohio

For Sale

Presented By:

Todd Keith

Five Stream Ventures LLC
972-836-7705

 

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$ Click for current price
2 BEDROOMS | 1 Baths (1 full ) BATHROOMS | 980 SqFt

For less than the price of most Single-Family Homes, you can have 2 income-producing units!

PRICED TO MOVE QUICKLY:  $33,500

This multifamily property offers multiple money-generating strategies:

  • Priced to MOVE   
  • $11,051 estimated/pro forma annual NOI 
  • Room for Rent Increases
  • Perfect small multifamily deal
  • Even more possible value plays

 

 

Number of Units:  2

Style:  Two-story

Current Occupancy:  100% 

Building Square Footage:  980 sqft

Lot Size:  2,565 sqft

Year Built:  1926

Utilities:  Tenants pay for all utilities. 

Roof: Asphalt 

Construction: Frame/Siding

Building Square Footage: 980

 

  • Pro forma cap rate 32.99%
  • Pro Forma cash on cash return 117.0%
  • 5-year annual ROI 121.5% per year
  • Great Investment Opportunity
  • Excellent Professional Property Management company available
  • Cap Rate on Actuals: 17.78% 
  • Akron is one of the top Real Estate markets in Ohio
  • $5,956 actual NOI 
  • $11,051 Pro Forma NOI