Veterans United Realty
7 Photos

487 Palmetto Avenue, Akron, OH 44301

$84,900 Asking Price

3 beds
1 bath
1,439  sqft
Built in 1919

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.

Listing Status:
Backup
Date Added:
January 10, 2025 — 26 days ago
Listing Office:
Keller Williams Chervenic Rlty, Darlene Hall (330-800-4255)
Office Phone:
330-836-4300
MLS ID:
5093702

Features & Amenities

Interior

Appliances:
Dishwasher
Basement:
Full
A/C:
false, None
Heating:
true, Forced Air,Gas
Fireplace:
Fireplaces: 0

Exterior

Style:
Colonial
Parking:
Driveway,No Garage,Paved

Construction

Roofing:
Asphalt,Fiberglass
General:
Aluminum Siding, 2

Location

Originating MLS:
NOWDD
School District:
Akron CSD - 7701
County:
Summit

Lot

Zoning:
HILLCREST PK #1 LOT 43 ALL, 6842386

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
NOWDD

This listing courtesy of:
Keller Williams Chervenic Rlty, Darlene Hall

About Akron, OH

Housing

Number of Units
124,635
Median Home Value
$140,585
Median Rent
$680

42.71% of housing units are renter occupied.

9.44% are vacant.

Commute

Car
76.59%
Public Transportation
2.17%
Walk to Work
1.27%
Work from Home
19.33%
Other
0.47%

The median travel time to work is 19 minutes.

People

Population
262,993
Median Age
39.80
Median Household Size
2.44

Education

High School
31.49%
Associate’s Degree
7.84%
Bachelor’s Degree
17.22%
Graduate Degree
9.99%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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Veterans United Homefront

IDXCopyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last Updated: February 5, 2025 6:49 am.

Copyright © 2025 Veterans United Realty and Did You Serve, LLC. Homefront.com is NOT affiliated with any government agencies, including the VA. Homefront.com is a service of Did You Serve, LLC. Veterans United and the Veterans United House logo are registered trademarks of Mortgage Research Center, LLC, used under license agreement. Terms of Use.

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