For Sale
$90,000

281 Lloyd StAkron, OH 44301

Four-bedroom boarding house; high rental potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a four-bedroom boarding house located at 281 Lloyd St, Akron, OH 44301, in Summit County. The property is classified as a Class B multifamily building and is currently generating a monthly rental income of $1,509. However, with strategic management and potential lease adjustments, the monthly rental income could significantly increase to an estimated $2,055. The property's current monthly utility expenses are $360. This represents a substantial potential for increased cash flow and return on investment. The asking price for this Akron, Ohio property is $90,000. This presents a compelling opportunity for investors seeking a strong return in a stable market. The property's location in Akron offers convenient access to local amenities and transportation networks. Serious inquiries are encouraged to explore this promising investment prospect further. Detailed financial statements and property information are available upon request.

Highlights

  • Four-bedroom boarding house.
  • Current monthly rent: $1,509; potential rent: $2,055.
  • Monthly utility expense: $360.

Property Details for 281 Lloyd St

Property type
Residential income homes
Class
B

Location Insight

City
Akron
County
Summit
State
Ohio
Latitude
41.053416909139
Longitude
-81.538807386556
281 Lloyd St, Akron, Ohio

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281 Lloyd St
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