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Two Multi-Family Buildings in Akron, Ohio

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Live On-Site Auction

Wednesday, January 17th
12:00 PM (ET)

Auction Details

Court-ordered auction of (2) multi-family buildings that include (4) 1 bedroom/1 bath units each, for a total of (8) rental units. This property is ideally positioned just one mile east of Akron University. A great investment opportunity with great income potential!

Auction Location Address: 871 Bank Street, Akron, OH 44305

2 Buildings/1 Lot – Multi-Family Rentals
Address 869-871 Bank Street, Akron, OH 44305
Zoning U-1 (Dwelling)
Parcel Number 67-40202
Case Number CV-2017-05-1892
Lot Size .37 AC
Front Building (871) 3,424 SF | Full basement
  (4) 1 bedroom/1 bath units
Rear Building (869) 2,288 SF | Full basement
  (4) 1 bedroom/1 bath units
Projected Rents $450/unit x 8 = $3,600 per month
Amenities Hardwood floors
Construction Style 2-story
Roof Type Pitched, asphalt-shingled
Year Built 1912
HVAC Type Unknown
Utilities All municipal | Owner pays water, tenant all others
Tax Assessment $39,790 for taxes
Annual Taxes $3,400 +/- (verify for your own information)
Appraised Value $24,000 court appraisal
Appraisal Date November, 2017
Other Pertinent Data Akron University Campus approximately one mile west
Minimum Bid Requirement $16,000
Required Down Payment $5,000 cashier’s check auction day; bring to 10% with 3 days
Closing Time Within 30 days of court confirmation
Tax Administration Buyer pays next installment due and payable after deed transfer

 

For more information, contact
Veronica Hughes
(317) 353-1100 (Office)
(317) 430-6169 (Cell)
vhughes@keyauctioneers.com

Key Terms
10% buyers premium will be collected
Case CV-2017-05-1892
License: 2013000095; Seth Seaton: 2015000021

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