Summit County, Akron, OH 44311
5 bd2 ba1,996 sfBuilt 1909
Gross spread$15,001
Description
INVESTOR PURCHASE PRICE: $109,999 TWO RENTAL UNITS. TWO INCOME STREAMS. $24,000 IN ANNUAL GROSS RENT. Looking for a cash-flowing rental property without the hassle of finding tenants? This occupied Akron duplex is already producing $2,000 per month in rental income, offering investors an opportunity to acquire an established income-producing asset at an attractive price. With a 21.8% gross annual rental yield at purchase. price, this is the kind of opportunity cash-flow-focused investors should be paying attention to! PROPERTY HIGHLIGHTS Duplex | 2 Units 5 Bedrooms / 2 Bathrooms Total Approximately 1,996 SF Built in 1909 Both units currently occupied Tenants pay utilities Existing leases transfer with the property THE NUMBERS SPEAK FOR THEMSELVES Asking Price $109,999 Downstairs Monthly Rent $950 Upstairs Monthly Rent $1,050 Total Monthly Rental Income $2,000 Annual Gross Rental Income $24,000 Gross Annual Rental Yield 21.8% WHY THIS DEAL STANDS OUT IMMEDIATE INCOME: Both units are occupied, meaning you're purchasing an existing rental income stream rather than starting with a vacant property. STRONG RENT-TO-PRICE RATIO: At approximately 1.82% monthly gross rent relative to purchase price, this property offers compelling numbers for rental investors. TWO INCOME STREAMS: Two separate rental units provide diversification compared with a single-family rental. TENANT-PAID UTILITIES: Helps reduce certain ongoing ownership expenses. PORTFOLIO EXPANSION OPPORTUNITY: An attractive acquisition for investors looking to grow their Akron rental holdings with an established income-producing duplex. DON'T OVERLOOK THIS ONE! $109,999 purchase price. $2,000 monthly gross rent. 21.8% gross annual rental yield. Whether you're expanding an existing rental portfolio or looking for your next income-producing acquisition, 710 Kling Street offers a compelling opportunity to put your capital to work. Reach out to Evan today for property details, lease information, and next steps to secure this opportunity! Property sold as-is. Buyer to verify all property details, rents, lease terms, expenses, taxes, insurance, condition, and financial projections. Gross yield is calculated before operating expenses, vacancy, repairs, and financing costs. Pricing and availability subject to change.
$/sqft vs market
Median of 5 comparable listings matched on city + property type. A narrow sample moves a lot; read it as context, not as a valuation.
Property
Systems & condition
Self-reported by the seller. Not inspected.
Property information
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