487 Palmetto Avenue
Akron, OH 44301
- 3 beds
- 1 bath
- 1,439 sqft
- 4,678 sqft lot
- $55 per sqft
- 1919 build
- – on site
Prime Investment Opportunity in Firestone Park! This 3-bedroom, 1-bath Colonial offers excellent cash flow potential, currently occupied by a long-term tenant since 2015. The tenant's rent is fully covered by AMHA at $1,300 per month, ensuring steady income. The property has added flexibility with a finished third-floor attic, featuring a tandem room setup that could be used as two additional bedrooms—offering the possibility of a 5-bedroom layout. The tenant provides their own appliances (except for the dishwasher) and is responsible for electric and gas. Landlord pays water, sewer, and trash. Glass Block windows in basement. New roof 2021. While the property requires some TLC, its strong rental history and earning potential make it a promising addition to your investment portfolio.
Last checked:
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Checking…
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Last updated Jan 11, 2025
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MLS# 5093702 —
The Building
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Year Built:1919
-
Year Built Source:PublicRecords
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Construction Materials:AluminumSiding
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Architectural Style:Colonial
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Patio And Porch Features:Patio
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Levels:ThreeOrMore,Two
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Stories:2
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Roof:Asphalt,Fiberglass
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Basement:Full
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Basement:true
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Stories Total:2
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Above Grade Finished Area:1439.0
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Above Grade Finished Area Source:PublicRecords
Interior
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Rooms Total:7
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Fireplace:false
Room Dimensions
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Living Area:1439.0
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Living Area Units:SquareFeet
Location
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Directions:E. Wilbeth to Palmetto Ave.
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Latitude:41.039229
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Longitude:-81.509011
The Property
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Parcel Number:6842386
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Property Type:Residential
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Property Subtype:SingleFamilyResidence
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Property Subtype Additional:SingleFamilyResidence
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Lot Size Acres:0.1074
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Lot Size Area:0.1074
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Lot Size Dimensions:40x117
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Lot Size Units:Acres
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Lot Size Source:PublicRecords
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Waterfront:false
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (330) 800-4255
- Office phone:
- (330) 836-4300
Taxes
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Tax Year:2024
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Tax Legal Description:HILLCREST PK #1 LOT 43 ALL
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Tax Annual Amount:$2,291
Beds
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Bedrooms Total:3
Baths
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Total Baths:1
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Full Baths:1
The Listing
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Listing Terms:Cash,Conventional
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Home Warranty:false
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Virtual Tour URL Unbranded 3:https://www.propertypanorama.com/487-Palmetto-Avenue-Akron-OH-44301/unbranded
Heating & Cooling
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Heating:ForcedAir,Gas
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Heating:true
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Cooling:None
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Cooling:false
Utilities
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Sewer:PublicSewer
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Water Source:Public
Appliances
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Appliances:Dishwasher
Schools
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Elementary School District:Akron CSD - 7701
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Middle School District:Akron CSD - 7701
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High School District:Akron CSD - 7701
The Community
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Subdivision Name:Hillcrest Park
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Pool Private:false
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Association:false
Parking
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Garage:false
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Attached Garage:false
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Carport:false
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Parking Features:Driveway,NoGarage,Paved
Monthly cost estimate
Asking price
$79,900
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$427
|
| Taxes | $190 |
| Insurance | $21 |
| Utilities | $166 See report |
| Total | $804/mo.* |
| *This is an estimate |
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).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/11/25
Jan 11, 2025
|
Listed / Active | MLS_NOW | $79,900 | 31.0% (24.3% / YR) |
|
10/4/23
Oct 4, 2023
|
MLS_NOW | $61,000 | -12.7% | |
|
9/20/23
Sep 20, 2023
|
MLS_NOW | $69,900 |
