See all 13 photos
13 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,600,000
Est. payment /mo
6,721 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Burco
MLS Listing ID 5154951
HOA Y/N No
Year Built 1957
Annual Tax Amount $1,231
Tax Year 2024
Lot Size 6,721 Sqft
Acres 0.1543
Property Sub-Type Other
Property Description
Investor Special!! This 12 Single Family Portfolio offers investors a stabilized, cash flowing opportunity to acquire 12 single-family homes located throughout Akron. Each property has been well maintained and professionally managed, providing immediate rental income and long-term upside potential. Investment Summary Portfolio Size: 12 Single-Family Homes, Occupancy rate 87%, Monthly Gross Rent $13,302, Annual Net Operating Income (NOI) $120,000, Cap Rate: 7.5%, Section 8 approved for consistent, reliable income. This portfolio has performed as a strong cash-flow asset for many years, with consistent occupancy and proven rental demand in the Akron market. With all homes Section 8 approved and rent-ready, investors can step into an established, income-producing portfolio with minimal disruption. The following addresses are in the portfolio.
618 Sanford Ave Akron, OH 44305 Parcel # 6806648
1257 Greenwood Ave Akron, OH 44320 Parcel # 6720710
1145 Brown St Akron, OH 44301 Parcel # 6709487
785 Bellevue Ave Akron, OH 44307 Parcel # 6803711
1198 Easton Dr Akron, OH 44310 Parcel # 6832808
549 Garry Rd Akron, OH 44305 Parcel # 6801556
1123 Coventry St Akron, OH 44306 Parcel # 6746729
1326 Pontiac St Akron, OH 44307 Parcel # 6807318
723 Virginia Ave Akron, OH 44306 Parcel # 6807563
2541 Edgebrook Ave Akron, OH 44312 Parcel # 6707133
1951 Faye Rd Akron, OH 44306 Parcel # 6858894
1084 Yukon Ave Akron, OH 44320 Parcel # 6704473
618 Sanford Ave Akron, OH 44305 Parcel # 6806648
1257 Greenwood Ave Akron, OH 44320 Parcel # 6720710
1145 Brown St Akron, OH 44301 Parcel # 6709487
785 Bellevue Ave Akron, OH 44307 Parcel # 6803711
1198 Easton Dr Akron, OH 44310 Parcel # 6832808
549 Garry Rd Akron, OH 44305 Parcel # 6801556
1123 Coventry St Akron, OH 44306 Parcel # 6746729
1326 Pontiac St Akron, OH 44307 Parcel # 6807318
723 Virginia Ave Akron, OH 44306 Parcel # 6807563
2541 Edgebrook Ave Akron, OH 44312 Parcel # 6707133
1951 Faye Rd Akron, OH 44306 Parcel # 6858894
1084 Yukon Ave Akron, OH 44320 Parcel # 6704473
Location
State OH
County Summit
Interior
Heating Forced Air
Fireplace No
Schools
School District Akron Csd - 7701
Others
Tax ID 6807318
Acceptable Financing Cash, 1031 Exchange, Other
Listing Terms Cash, 1031 Exchange, Other
Special Listing Condition Standard
Read Less Info
Listed by Marshall Stephens • Keller Williams Chervenic Rlty • MStephens@kw.com, 330-622-2423
GET MORE INFORMATION
Dawn Semancik
Team Leader | License ID: SAL.2016005292
Team Leader License ID: SAL.2016005292
QUICK SEARCH
- Homes For Sale in Northfield, OH
- Homes For Sale in Macedonia, OH
- Homes For Sale in Streetsboro, OH
- Homes For Sale in Cuyahoga Falls, OH
- Homes For Sale in Tallmadge, OH
- Homes For Sale in Twinsburg, OH
- Homes For Sale in Solon, OH
- Homes For Sale in Medina, OH
- Homes For Sale in Hinckley, OH
- Homes For Sale in Stow, OH
- Homes For Sale in Hudson, OH
- Homes For Sale in Aurora, OH