399 N Thomas Road
Tallmadge, OH 44278
- 5 beds
- 4 baths
- 1,588 sqft
- ~2 acre lot
- $128 per sqft
- 1948 build
- – on site
Don’t miss this incredible chance to own a fully occupied four-unit investment in a peaceful, sought-after area of Tallmadge, sitting on an expansive nearly two acres of land! Spanning two parcels, the property includes a charming 1 bed, 1 bath house and a nice triplex on one adjacent to another that is vacant land. Currently bringing in over $36,000 in annual rent, there's even more potential to increase revenue when you raise rents at lease renewals. The 1 bed 1 bath house is rented for $625 on an annual lease expiring 11/30/2024, unit 1 at the triplex is a 2 bed 1 bath and is rented for $965 on an annual lease expiring 11/29/2025, unit 2 is a 1 bed 1 bath rented for $555 on a month to month lease, unit 3 is a studio and rented for $670 per month on an annual lease expiring 11/30/2025. With a cap rate of over 9% based on the asking price and current financials, this is a true gem for investors. The owner self-manages and bills back water, gas, and electric, for the house and covers all utilities for the triplex for tenants convenience. Well cared for over the years, it has recent updates like a new water heater (2024), plus a 10-year-old roof, 5-year-old furnace, and 10-year-old central air. This is a rare opportunity with strong cash flow and plenty of upside!
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Nov 19, 2024
•
MLS# 5068624 —
The Building
-
Year Built:1948
-
Year Built Source:PublicRecords
-
Construction Materials:Brick
-
Levels:ThreeOrMore
-
Roof:Asphalt,Fiberglass,Shingle
-
Basement:Full
-
Basement:true
-
# of Buildings:2
-
Above Grade Finished Area:1588.0
-
Above Grade Finished Area Source:Owner
Room Dimensions
-
Living Area:1588.0
-
Living Area Units:SquareFeet
Location
-
Directions:South of W Howe Rd
-
Latitude:41.112662
-
Longitude:-81.46262
The Property
-
Parcel Number:6005811
-
Property Type:ResidentialIncome
-
Property Subtype:Quadruplex
-
Property Subtype Additional:Quadruplex
-
Lot Size Acres:1.6345
-
Lot Size Area:1.6345
-
Lot Size Units:Acres
-
Lot Size Source:Assessor
-
Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (216) 870-8687
- Office phone:
- (440) 526-9400
Taxes
-
Tax Year:2023
-
Tax Legal Description:TR 6 LOT 1 SUB 5 G N SMITH .950A
-
Tax Annual Amount:$3,519
Beds
-
Bedrooms Total:5
Baths
-
Total Baths:4
-
Full Baths:4
The Listing
-
Listing Terms:Cash,Conventional,Exchange1031
-
Home Warranty:false
-
Special Listing Conditions:Standard
-
Virtual Tour URL Unbranded 3:https://www.propertypanorama.com/399-N-Thomas-Road-Tallmadge-OH-44278/unbranded
Heating & Cooling
-
Heating:ForcedAir,Gas
-
Heating:true
-
Cooling:WindowUnits
-
Cooling:true
Utilities
-
Sewer:PublicSewer
-
Water Source:Public
Schools
-
Elementary School District:Tallmadge CSD - 7715
-
Middle School District:Tallmadge CSD - 7715
-
High School District:Tallmadge CSD - 7715
The Community
-
Pool Private:false
Parking
-
Garage:false
-
Attached Garage:false
-
Carport:false
-
Parking Features:Driveway,OnSite,Paved
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/19/24
Nov 19, 2024
|
Listed / Active | MLS_NOW | $203,500 | |
|
11/16/23
Nov 16, 2023
|
Sold | MLS_NOW | ||
|
9/7/23
Sep 7, 2023
|
Pending | MLS_NOW |
