Vision Sales Team

396 - 400 Sumner Street

Akron , OH 44304

MLS#: 5141998

$604,900

Status: Active
Listing number: 5141998
Listing provided by: RE/MAX Edge Realty
Listing agent phone: None
Last update: 9 days ago
Browse Properties
Rentschler - Residential Income

Property

Beds

17

Full Baths

10

1/2 Baths

None

Year Built

1909

Sq.Footage

N/A

PACKAGE DEAL near the University of Akron! 3 buildings! Investment opportunity! 2 Multi families homes and 1 single family home! 396 Sumner is a single family 6 bed/2 full bath. 398 Sumner is a 3 unit. 400 Sumner is a 6 unit. Income producing! Currently all but two are leased! 396 Sumner (6 bed/2 full bath single family home, new flooring and carpet throughout, fresh paint and some lighting fixtures) currently vacant. 398 Sumner (3 Unit apartments fully renovated in 2024 - newer flooring throughout, lighting, modern appliances, upgraded kitchens and bathrooms, and fresh interior paint complemented by refinished woodwork) Unit A is a 1 bed/1 bath rent $625, Unit B is a 1 bed/1 bath rent $625, Unit C is a 2 bed/1 bath rent $745. 400 Sumner (6 unit apartments with laundry room - recent interior painting throughout all units, Exterior staircase fully repaired, along with Roof maintenance and repair) Unit 1 vacant, Unit 2 $750, Unit 3 $615, Unit 4 $595, Unit 5 $615, Unit 6 $715. Don’t miss out on this ready-to-go investment! Within walking distance of the University of Akron!

Features & Amenities

Interior

  • Total Bedrooms

    17

  • Bathrooms

    10

  • Basement YN

    YES

  • Cooling YN

    NO

  • Cooling

    None

  • Heating YN

    YES

  • Heating

    Natural Gas

Exterior

  • Garage

    No

  • Construction Materials

    Wood Siding

  • Parking

    Driveway

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.0612

  • Property Type

    Residential Income

  • Property Sub Type

    Triplex

Price

  • Sales Price

    $604,900

  • Tax Amount

    8414.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Akron CSD - 7701

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Summit

Elementary School

Akron CSD - 7701

Middle School

High School

Listing Courtesy of Scott Lang , RE/MAX Edge Realty

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PACKAGE DEAL near the University of Akron! 3 buildings! Investment opportunity! 2 Multi families homes and 1 single family home! 396 Sumner is a single family 6 bed/2 full bath. 398 Sumner is a 3 unit. 400 Sumner is a 6 unit. Income producing! Currently all but two are leased! 396 Sumner (6 bed/2 full bath single family home, new flooring and carpet throughout, fresh paint and some lighting fixtures) currently vacant. 398 Sumner (3 Unit apartments fully renovated in 2024 - newer flooring throughout, lighting, modern appliances, upgraded kitchens and bathrooms, and fresh interior paint complemented by refinished woodwork) Unit A is a 1 bed/1 bath rent $625, Unit B is a 1 bed/1 bath rent $625, Unit C is a 2 bed/1 bath rent $745. 400 Sumner (6 unit apartments with laundry room - recent interior painting throughout all units, Exterior staircase fully repaired, along with Roof maintenance and repair) Unit 1 vacant, Unit 2 $750, Unit 3 $615, Unit 4 $595, Unit 5 $615, Unit 6 $715. Don’t miss out on this ready-to-go investment! Within walking distance of the University of Akron!

396 - 400 Sumner Street

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Related Properties

628, 634 & 636 Sumner St, Akron, OH 44311 is located in the heart of downtown Akron. This multi-family property offers an exceptional investment opportunity. With a total of six units comprising 5,328 sq. ft. of finished residential space, the property includes two 2-bedroom units, three 3-bedroom units, and one 4-bedroom unit. The 3 duplexes comprise the 6 units and sit on 2 adjoining lots with a frontage of 102 feet on Sumner as well as the side has additional frontage on Thornton St with a depth of 95 feet, which affords the opportunity to provide several additional parking options with common area parking and off-street availability as well as several ins & outs to accommodate proper off street parking for all of the residents. The property is well-maintained and features forced air gas heating, central air cooling, and public water and sewer services. It also includes an unfinished basement and an asphalt/fiberglass roof. Monthly rent is $5,650 and Annual gross rent is $67,800 with Landlord amount this year due to updating & installing new flooring, painting and showing, and marketing the property at $52,976, with total expenses this year to update and all expenses at $22,291, including management, maintenance, utilities, trash, and lawn/snow care, and upgrading the units. The property’s proximity to downtown and its location offer renters easy access to shopping, amenities, and public transportation, Akron University, easy access to Rt 8 and I-76 make the property highly desirable for urban living. This property is ideal for investors seeking reliable cash flow and potential growth. For more information or to schedule a private showing, please contact your favorite Real Estate Agent. Don’t miss this chance to own a prime income-generating property in Akron!
#5089948

Akron

628, 634 & 636 Sumner Street 6 units

17 Beds

6 Baths

N/A

$550,000

MLS#: 5089948

- property

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