352 Mcgowan Street, Akron, OH 44306

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$169,000

bedrooms

bathrooms

square feet

2,016

Acreage

0.0708

Open Houses

year built

1928

Full Baths

Half Baths

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Turnkey investment with tenants in place in 3 units. Rents are under market and tenants know rent will be increased. They are all month-to-month. Some units need improvement but everything is functional. Landlord pays all utilities but they are very reasonable. 36 hours notice to view occupied units. Cap rate is nearly 10% at existing rents. When rents go to market rate, the cap rate will increase dramatically. Owner pays annually for: Insurance $1,066, Gas $1,124, Electric $1,711, Water/sewer $1,800, trash $900, taxes $2,691. Once the rents are increased to market rent the cap rate jumps to 18%.

Location
Subdivision	Portage
County	Summit
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 5113755

Listing agent: Barbara Snyder #309625

Listing broker: Snyder & Snyder Real Estate (330) 434-4343

Last update: Thursday, April 24 2025 at 11:45 a.m. EDT

Kotohomes National