512 Sumner Street, Akron, OH 44304

$123,900 Asking Price

4 beds
2 baths
1,622  sqft
Built in 1909

Charming Investment Property Near Akron University This 4-bedroom home, just minutes from the University of Akron, is a fantastic opportunity for investors or anyone looking for rental income. The dining room has been converted into a fourth bedroom, optimizing rental potential. Currently, two tenants are in place on month-to-month leases, paying $375 and $400. The property has potential to generate $1,600 per month in rental income. Key updates include: Updated electric in the basement, New furnace installed in 2021, Roof believed to be 7 years old, Front porch redone in 2020. Appliances are included, making this a turnkey investment. Don't miss this chance to own a well-maintained property.

Features & Amenities

Interior

Appliances:
Dryer,Microwave,Range,Refrigerator,Washer
Laundry:
In Basement
Basement:
Full,Concrete
A/C:
Ceiling Fan(s)
Heating:
true, Forced Air,Gas
Fireplace:
Fireplaces: 0
Disability Feature:
None

Exterior

General:
None
Style:
Colonial
Other Structures:
None
Parking:
Driveway

Construction

Roofing:
Asphalt,Fiberglass
Windows:
Double Pane Windows
General:
Wood Siding, 2, Block

Location

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

Lot

Zoning:
6842860
View:
None
Fencing:
None

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
NOWDD

This listing courtesy of:
Russell Real Estate Services, Shaun R Knapp

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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