3 Beds
1 Bath
4,948 Sqft Lot
3 Beds
1 Bath
4,948 Sqft Lot
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Subdivision Lookout Heights
MLS Listing ID 5257511
Style Traditional
Bedrooms 3
Full Baths 1
Construction Status Fixer
HOA Y/N No
Year Built 1919
Annual Tax Amount $1,200
Tax Year 2025
Lot Size 4,948 Sqft
Acres 0.1136
Property Sub-Type Single Family Residence
Property Description
**Built-in Infrastructure:** Central heating (forced air, natural gas) and central air conditioning systems are already installed.
**Layout:** Formal living room, formal dining room, 3 upper-level bedrooms, 1 full bath, and a full basement.
**Exterior:** Off-street parking, wood siding, asphalt/fiberglass roof, and a low-maintenance lot.
* **Terms:** Cash purchase, vacant, annual property taxes estimated around $1,200.
Remodel & Value-Add Requirements
The property serves as a blank canvas requiring cosmetic and functional updates to maximize value and monthly cash flow:
* **Kitchen & Bathroom:** Complete modern updates to fixtures, cabinetry, flooring, and appliances.
* **Cosmetics:** Interior paint, drywall repairs, floor refinishing or new carpet/LVP installation, and light fixture updates throughout.
* **Exterior Touch-ups:** Minor wood siding repairs, fresh exterior trim paint, and simple curb appeal landscaping
### Rental Income & Investment Potential
| **Estimated Market Rent (Akron 44307)** | $1,000 – $1,200/month |
| **Annual Gross Income** | $12,000 – $14,400 |
| **Annual Property Taxes** | ~$1,200/year |
**Investment Strategy:**
* **BRRRR Potential:** The low purchase price combined with existing mechanicals (central A/C and forced air furnace) reduces upfront capital expenditure, making it an ideal candidate to buy, rehab, rent, and refinance to extract sweat equity.
* **Section 8 / Long-Term Tenant Demand:** 3-bedroom single-family rentals in Akron experience strong tenant demand, providing steady cash flow opportunities for long-term buy-and-hold investors.
Location
State OH
County Summit
Rooms
Basement Full
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Off Street
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Garage false
Private Pool No
Building
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Two
Construction Status Fixer
Schools
School District Akron Csd - 7701
Others
Tax ID 6744150
Nearby Locations
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