Updated almost 7 years ago on .
Financing Available - Two Unit Duplex in Akron in NW Akron
For less than the price of most Single-Family Homes, you can have 2 income-producing units!
This great little duplex in Northwest Akron is now available to purchase with Traditional or Owner-Financing.
This is a Class B property in a Class B area. Property is one block away from City bus line. Starbucks, grocery stores, and a pharmacy are all within walking distance of this property.
Price: $115K
Address: 75 Greencrest Terrace, Akron Ohio 44313 (Click Here For Map)
Units: 2
Unit Mix: 2 - 2 Bedroom / 1 Bath Units
Current (below market) Rents: Currently vacant, but recently rented out at $670
Market Rent: $682/Month per unit
Square Footage: 1,792
Occupancy: 0% (But Property Management Company is already interviewing tenants)
Year Built: 1956
Utilities: Owner Pays Water, Tenants Pay Electric (Separately Metered)
Management: Local Property Management in place and will manage for next owner.
Financing
- Cash
- Traditional financing accepted.
- Owner financing also available.
Owner Financing Terms:
- Purchase Price: $115k
- Down Payment: 20%
- Interest: 6%
- Balloon: 48 Months
- Monthly Payment: $468.29
- Payoff At End of Balloon: $81,762
Rental Comps
Deferred MaintenanceMay need a new roof in the near future. (No leaks) Windows are original. Hot Water Heater Ages: 1 year old and 20 years old. Furnace Ages: 1 is 4 years old and the other is the original that came with the house. Both units have stoves, but need refrigerators. (But still working)
Background
Owner remodeled bottom unit over the last three months. Top unit received a standard rental make-ready update. (e.g., New paint, new doors, hardwood floor finish)Area
Property is one block away from City bus line. Starbucks, grocery stores, and a pharmacy are all within walking distance of this property. Stable Class B area. For more information, please email or call:214.395.0804