550-554 Magnolia AVE, Cuyahoga Falls, OH 44221
550-554 Magnolia AVE, Cuyahoga Falls, OH 44221
550-554 Magnolia AVE, Cuyahoga Falls, OH 44221
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$324,000
Est. payment /mo
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8 Beds
4 Baths
0.45 Acres Lot
Open 9/19 12PM-1:30PM

550-554 Magnolia AVE Cuyahoga Falls, OH 44221

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James Duncan

James Duncan

+1(330) 606-9212

Open House

Sat Sep 19, 12:00pm - 1:30pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision Tallmadge 01

MLS Listing ID 5245660

Bedrooms 8

Full Baths 4

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1940

Annual Tax Amount $2,300

Tax Year 2025

Lot Size 0.446 Acres

Acres 0.4458

Property Sub-Type Triplex

Property Description

Great Investment Opportunity in Cuyahoga Falls! This well-maintained triplex offers an excellent opportunity for investors or owner-occupants looking to generate rental income. The spacious main-floor unit features 4 bedrooms and 2 bathrooms and has been remodeled and updated, including a beautiful kitchen with granite countertops, new flooring, and all new appliances. The property consists of three separate units, providing multiple income streams. Two of the units have established rental histories, with one tenant in place for approximately 12 years and the back house tenant for approximately 7 years. Current rents include $975/month for the back house and $550/month for the upstairs unit. With a remodeled 4-bedroom unit, long-term rental history, multiple units, and recent improvements, 550 Magnolia offers a great opportunity to add a solid income-producing property to your investment portfolio. Agent related to seller.

Location

State OH

County Summit

Rooms

Basement Finished, Interior Entry, Concrete, Partially Finished, Bath/Stubbed, Walk-Out Access

Interior

Heating Baseboard, Electric, Forced Air, Gas

Cooling Central Air

Fireplace No

Appliance Dryer, Dishwasher, Disposal, Microwave, Range, Refrigerator, Washer

Laundry In Basement

Exterior

Parking Features Additional Parking, Driveway, Garage

Garage Spaces 1.0

Garage Description 1.0

Water Access Desc Public

Roof Type Asphalt,Fiberglass

Private Pool No

Building

Foundation Block

Sewer Public Sewer

Water Public

Level or Stories Two

Construction Status Updated/Remodeled

Schools

School District Cuyahoga Falls Csd - 7705

Others

Tax ID 0216941

Special Listing Condition Standard

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Chelsea Reed • Mosholder Realty Inc. • 330-633-5536, info@mosholder.com

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James Duncan

James Duncan

Agent License ID: 449204

+1(330) 606-9212

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550-554 Magnolia AVE