239 E College AVE new Save Request In-Person Tour Request Virtual Tour
Kent,OH 44236
Key Details
Property Type Commercial
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Kent Heights
MLS Listing ID 5111507
HOA Y/N No
Year Built 1930
Annual Tax Amount $6,108
Tax Year 2024
Lot Size 8,276 Sqft
Acres 0.19
Property Sub-Type Apartment
Property Description
This rare and lucrative investment opportunity in Kent, Ohio, offers a licensed 10-bedroom rental property, one of the last of its kind in the city. The property is mostly gutted and ready for renovation, featuring four levels of living space (including the basement), that used to include two kitchens, two living rooms, three bathrooms, ten bedrooms, and a laundry room. The house has had significant updates, including two updated electric panels, a new roof, new gutters, newer siding, and new soffits. The sewer is attached, and gas runs directly from the street to the meter. There are 10 parking spots on the property, and the home offers stunning balcony views of Downtown Kent. Located within walking distance of Kent State University, this property used to generate an annual rental income of approximately $70,000. It's a rare opportunity to own a licensed rental property in a prime location—an excellent investment for long-term income.
Location
State OH
County Portage
Interior
Heating None
Fireplace No
Exterior
Water Access Desc Public
Present Use Residential
Total Parking Spaces 10
Building
Story 3
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Kent Csd - 6705
Others
Tax ID 17-024-40-00-035-000
Acceptable Financing Cash
Listing Terms Cash