811 East Wilbeth, Akron, OH 44306

6 Photos
 
Absolute Auction
$300,000 Estimated Value
Off Market
 
Listing ID 10434452
Property Type Multi-Unit (5+)
County Summit
Total Tax $10,600
Tax ID 6733772
FEMA Flood Map fema.gov/portal
Year Built 1971
   
Virtual Tour

12 Unit Apartment Buildings Sells Regardless of Price

"ONLINE" REAL ESTATE AUCTION (2) Stand-alone Highly Productive Apartment Buildings (1) 14 UNIT & (1) 12 UNIT ****SELLS REGARDLESS OF PRICE WITH NO MINIMUM BID**** 787 East Wilbeth Road & 811 East Wilbeth Road Akron, Ohio ***By Order of Court Appointed Receiver, S.Hanes of Chikol *** Online Bidding Ends, THURSDAY DECEMBER 7, 12:00 NOON (Open House: Monday, November 20, Noon-1pm) PROPERTIES SELL SEPARATELY...BUY ONE OR BUY BOTH Income for 787 E. Wilbeth Road, Approximately $7,000 per month Income for 811 E. Wilbeth Road, Approximately $6,000 per month 1 Bedroom Apartments Coin Operated Laundry in Basement of each building The 811 E. Wilbeth Road building has Storage units in basement. Tenant pays Electric & Units Have Electric baseboard heat, electric appliances. Landlord pays water, sewer, and electric for common areas. Each building has a gas hot water for the laundry. The landlord pays that gas bill. 787 E. Wilbeth averages about $800 per month for Water & Sewer, gas, electric for common areas, snow removal and lawn care costs according to Receiver who is now paying the bills. 811 E. Wilbeth averages about $600 per month for Water & Sewer, gas, electric for common areas, snow removal and lawn care costs according to Receiver who is now paying the bills. Rent Rolls available upon request. All but one unit is rented. Immediate Cash Flow!! Tax Value of 787 E. Wilbeth: $312,690: Semi-Annual Taxes: Approx $6,289. + or - Tax Value of 811 E. Wilbeth: $273,400: Semi-Annual Taxes: Approx $6,469. + or - Last purchase price was $810,000 for both properties in 2006. Auditor value for 787 is $312,690. Auditor value for 811 is $259,870. Annual Taxes: $ Aprox. $12,579 and $10,600
Auction Details
  • Absolute Auction
  • Online Only Auction
  • Visit Auction Site
  • Starts: Oct 17th 2017 12:00pm
  • Ends: Dec 7th 2017 12:00pm
Property Details
  • 6912 SF
  • 22200.00 Acres
  • Built in 1971
  • 2 Stories
  • Available 12/07/2017
Unit Information
Unit #1 – Rent Price: 600, Occupied
Interior Features
  • Baseboard
Community Details
  • Hotel (Bldg. Style)
Income/Expenses
  • Paid by Landlord: Water, Insurance, Parking, Ord. Maint., Ground Maint.
Taxes and Fees
  • $10,600 Total Tax
Previously Listed By
Ohio Real Estate Auctions
Office: 937-581-3037
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