487 Palmetto AVE new

Akron,OH 44301

$ 79900

3 Beds

1 Bath

1439 SqFt


Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,439 sqft

Price per Sqft $55

Subdivision Hillcrest Park

MLS Listing ID 5093702

Style Colonial

Bedrooms 3

Full Baths 1

HOA Y/N No

Abv Grd Liv Area 1,439

Year Built 1919

Annual Tax Amount $2,291

Tax Year 2024

Lot Size 4,678 Sqft

Acres 0.1074

Property Description

Prime Investment Opportunity in Firestone Park! This 3-bedroom, 1-bath Colonial offers excellent cash flow potential, currently occupied by a long-term tenant since 2015. The tenant's rent is fully covered by AMHA at $1,300 per month, ensuring steady income.
The property has added flexibility with a finished third-floor attic, featuring a tandem room setup that could be used as two additional bedrooms—offering the possibility of a 5-bedroom layout. The tenant provides their own appliances (except for the dishwasher) and is responsible for electric and gas. Landlord pays water, sewer, and trash. Glass Block windows in basement. New roof 2021. While the property requires some TLC, its strong rental history and earning potential make it a promising addition to your investment portfolio.

Location

State OH

County Summit

Rooms

Basement Full

Interior

Heating Forced Air,Gas

Cooling None

Fireplace No

Appliance Dishwasher

Exterior

Parking Features Driveway,No Garage,Paved

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Porch Patio

Private Pool No

Building

Story 2

Sewer Public Sewer

Water Public

Architectural Style Colonial

Level or Stories Three Or More,Two

Schools

School District Akron Csd - 7701

Others

Tax ID 6842386

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

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