Here’s a sold old colonial revival on the south side of Akron, the heart of the rust belt, listed for just $4,900. This house last sold for $72,000 about six years ago (6/18/2002), and Zillow.com estimates that it is currently worth $79,000.This house does need some work to make it ready for occupancy, but it still seems to be quite a steal at this price. A complete rehab (probably costing about $15,000) could turn this house into a great rental property. This property could likely bring in $600+ per month, delivering fantastic cash flow for an investor.
The basics...
Address: 1356 Marcy Street, Akron, OH 44301
Current Listing Price: $4,900
PREVIOUS Sale Price: $72,000 (6/18/2002)
Size: 3 Bedrooms, 2 Bathrooms; 1,264 square feet
Lot: .11 acres
http://www.realtor.com/realestate/akron-oh-44301-1102934198/
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