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Rent 2 Own- No Money Down- No Credit Check...........only $585.00 per month

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  1. 1. Item Specifics - Residential Real Estate Sq Footage (Sq. Setting: 1373.00 Urban/City ft.): Property Type: Number of House 3 Bedrooms: Property Number of 377 Gibbs Place 1 Address: Bathrooms: City: Year Built: Akron -- State/Province: Lot Size (acres): Ohio 0.10 Zip/Postal Code: Sale Type: 44306 Existing Homes ATTRACTIVE 3 BEDROOM 1.5 BATH INVESTMENT HOME - TRUE ARCHITECTURAL BEAUTY EXCELLENT LOCATION CLOSE TO NINE SCHOOLS, AND TWO MAJOR HIGHWAYS NEAR SHOPPING, ATTRACTIONS AND EMPLOYMENT CENTER CLOSE TO UNIVERSITY OF AKRON ATTRACTIVE INVESTMENT IDEAL FAMILY HOME NO RESERVE
  2. 2. About Akron, Ohio Akron is the seat of Summit County, Ohio, and the Akron-Canton region is home to1,101,894 people. Akron is the fifth largest city in Ohio. While the city has roots in the manufacturing industry, the city’s industry has since diversified into the research, financial, and high tech sectors. Akron is home to two Fortune 500 companies: the Goodyear Tire and Rubber Company and FirstEnergy, as well as a number of smaller companies. The City of Akron created the first Joint Economic Development District to promote regional commerce with neighboring suburbs, and has recently added thousands of new jobs. The University of Akron is home to over 23,000 students, and is a world leader in polymer research. A $300 million dollar construction project saw the completion of nine new buildings, fourteen renovated facilities, and a freshly landscaped campus. A new on-campus football stadium is slated to begin construction in the Spring of 2008. The city is home to The University of Akron, the Akron Aeros Double A affiliate of the Cleveland Indians, the Soap Box Derby World Championships and the Firestone Country Club, at which the PGA Tour's WGC-Bridgestone Invitational is annually played. Akron has a diverse and colorful heritage of old restaurants and shopping centers. During the summer, Akron hosts the National Hamburger Festival, a tribute to the city's role in the invention of the hamburger. Highland Square, located near West Akron and anchored by the historic Highland Theatre, is a well-known entertainment district, featuring popular local antique stores and retail shops, such as Square Records. It is also home to several unique restaurants and taverns. Neighborhood Description Located near nine schools in neighborhood with strong investment activity This home is located on an attractive and quiet residential cul-de-sac, where the homes are well maintained and in good condition. The residents take pride in their homes, and there is also strong
  3. 3. investment activity in the area. Additionally, many of the homes in the surrounding area have been renovated, which has increased the value of these and the surrounding homes. This home is conveniently located near shopping, attractions and the Akron Central Business District, a major employment center. Additionally, it is close to many schools. For example, Hope Academy School is just 3 blocks away from the home. It is also about a 10 minute walk from Summit Academy School, and Robinson Elementary School, Hoban High School and Mason Elementary School are also a short walk from the home! There are 9 schools, all within a mile of the home. Additionally, Mason Park is just 5 blocks away. All of these neighborhood amenities make this a great family home and increase its desirability and appeal. The home is also just a mile away from Akron City Hospital, making this a convenient location for nurses and medical professionals who want a short commute. The home is also about a mile away from University of Akron, making this a convenient location for professors and students alike. F Additionally, there are 44 churches all within a mile of the home, a strong testament to the strength and character of the neighborhood! Route 76 and route 77, both major highways are easily accessible and within close proximity from the home. Additionally, the home has convenient access to the Akron-Fulton International Airport, which is less than 10 minutes away. Home Description Beautiful Home. Incredibly spacious with 3 large bedrooms. Stylish architecture, and attractive woodwork give it a great sense of character. Centrally located near parks, schools, shopping and employment. This beautiful three bedroom home with lots of character is a true gem! The carefully designed floor plan includes a large living room perfect for relaxing evenings at home, or for watching the game on Sundays. It also features an elegant formal dining room for every day dining or to accommodate guests and relatives for special occasions. There is also a large kitchen with lots of cabinet space to store everything a gourmet chef would need.. There are also three spacious bedrooms. The three bedrooms are located upstairs for added quiet and privacy. There is also a full sized basement, which can be used for extra storage, or finished as a den or a game room. This is a very stylish and attractive home, and it features large windows to let in lots of light and ample closet space for plenty of storage. The exterior of the home is also very attractive and it is a true architectural classic! This home most closely resembles the colonial architectural style. It features a full width covered front porch making it a perfect place for families to gather and neighbors to meet. The home features attractive white aluminum and vinyl siding. A concrete path leading up to the front porch and entryway help make the home attractive and inviting. This is a true American classic! Investment Analysis This house is perfect for a family to live in, or for an investor. The average sales price for a home in Summit County in 2007 was $144,261, and median rents in Akron are $508 per month, yielding strong cash flow if used as a rental, or an attractive profit if sold. According to Robert Kiyosaki author of Rich Dad Poor Dad and creator of the Cash Flow Board Game, investing in real estate is a great way to build income and achieve financial security and independence. A small investment in real estate can be a
  4. 4. great step towards building a real estate investment portfolio, creating sustainable wealth and achieving financial independence TERMS You are bidding on the FULL PURCHASE PRICE of this auction. Upon completion of this auction, and final payment, the HOME WILL TRANSFER FREE AND CLEAR TO THE BUYER. There are no liens against this property, and title is insurable. Purchaser agrees to accept the property in quot;AS IS, WHERE ISquot; condition at the time of closing, with NO WARRANTY EXPRESSED OR IMPLIED. Any representations of this property are merely the opinion of the seller. All buyers are encouraged to perform their own due diligence. WE ENCOURAGE YOU TO DO YOUR OWN DUE DILIGENCE PRIOR TO PURCHASE. WE WELCOME YOU TO VISIT THE HOME. TO ARRANGE ACCESS, SEND ME YOUR FULL NAME AND PHONE # This is a CASH AUCTION. When submitting your bid, you must have funds on hand to complete the purchase. This is a speedy closing, and there is no time to arrange bank financing. THIS AUCTION IS FOR SERIOUS BIDDERS ONLY. Please do not bid if you will not fulfill your obligation! Any winning bidders who do not close will be reported to eBay for buyer misconduct. If you need additional pictures or have any questions, please feel free to ask prior to conclusion of the auction. CLOSING PROCESS Upon winning the auction, BUYER MUST CONTACT SELLER IMMEDIATELY via phone or email and provide: 1. Name to be placed on deed. 2. Phone Number 3. Address to send settlement sheet. 4. $2,000 non-refundable earnest money deposit in the form of a certified check, or money order via overnight delivery service, or bank wire transfer. This deposit must be received within 24 hours of winning the bid. If the seller
  5. 5. has not received funds or heard from the purchaser within this period, the transaction will be considered void, and buyer misconduct will be reported to eBay. Buyer also agrees to add the appropriate closing and transaction costs to the amount of the bid. This is approximately $600-$700, and covers deed preparation, transfer tax etc. Exact amount due will be computed by seller’s title company handling the closing, and will be shown on the final settlement sheet. Closing of this transaction is within 10 days after the auction ends. The balance due must be sent to our title company via cashiers check or money order on or before the closing date. The balance due is equal to the final sales price, less the $2,000 earnest money deposit plus applicable closing costs to be detailed on the settlement sheet. Our title company will prepare your deed and send the deed to the County to record into your name. You will receive confirmation that the deed has been sent for recording. Please ask any questions prior to the auction’s end. There is no time to do so once the auction is over. NOTE TO BIDDERS: Users with Feedback Score 5 or Less or users who are new to eBay must email Seller immediately with your full name and contact number. If you do not perform this request, we have the right to cancel your bid