Property
Beds
2
Full Baths
1
1/2 Baths
None
Year Built
1948
Sq.Footage
N/A
Outstanding investment portfolio opportunity with property management in place in Akron, Ohio, offering strong cash flow and significant upside. This package includes all properties listed below and their associated parcels, with a current occupancy of 86% across the portfolio. At market rents, the portfolio is projected to deliver a cap rate of 14% or greater, making it an excellent addition for investors seeking immediate performance with room for growth. The properties include a mix of single-family and multi-family units located throughout Akron and Barberton, positioned near major employers, schools, and transportation. Tenants are responsible for utilities in most units, helping to maintain healthy operating margins. With steady rental demand in the area and recent performance already in place, this turnkey package represents a rare chance to acquire a diversified, income-producing portfolio in a high-demand rental market. Properties and parcels included in this sale are: 1115 Florida Ave., Akron, OH 44314 – Parcel #6854800; 1725 Manchester Rd., Akron, OH 44314 – Parcel #6759324; 213 Hermann St., Barberton, OH 44203 – Parcel #0106466; 2167 East Ave., Akron, OH 44314 – Parcel #6734163; 2513 Christensen Ave., Akron, OH 44314 – Parcel #6804010; 530 Thelma Ave., Akron, OH 44314 – Parcel #6827182; 534 Thelma Ave., Akron, OH 44314 – Parcel #6706664; 539 Thelma Ave., Akron, OH 44314 – Parcel #6821068; 543 Thelma Ave., Akron, OH 44314 – Parcel #6821067; 545 Thelma Ave., Akron, OH 44314 – Parcel #6814967; 546 Thelma Ave., Akron, OH 44314 – Parcel #6821066; 601 Glendora Ave., Akron, OH 44320 – Parcel #6749017; 650 Reed Ave., Akron, OH 44306 – Parcel #6819023; 694 Virginia Ave., Akron, OH 44306 – Parcel #6725186; 955 N Firestone Blvd., Akron, OH 44306 – Parcel #6742296. Financials and rent rolls are available upon request
Features & Amenities
Interior
-
Total Bedrooms
2
-
Bathrooms
1
-
Basement YN
NO
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Forced Air
-
Main Level Bedrooms
2
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Other
-
Parking
Driveway
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.1403
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
-
Architectural Style
Ranch
Price
-
Sales Price
$98,000
-
Tax Amount
1324.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
NO
School District
-
Elementary School
Barberton CSD - 7702
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
1
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Summit
Elementary School
Barberton CSD - 7702
Middle School
High School
Listing Courtesy of Kim Lewis , Home Equity Realty Group
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