$1,250,000

1326 Pontiac Avenue, Akron, OH 44307

  • Property Icon other
  • Property Year Built Icon Built in 1957
  • Property Lot Size Icon6,721sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 2 months ago

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

Listing Status:
Active
Listing Office:
Keller Williams Chervenic Rlty : 330-836-4300
Listing Agent:
Marshall Stephens : 330-622-2423
MLS ID:
5154951
  • Heating: Forced Air
  • Originating MLS: NOWDD_NORM
  • School District: Akron CSD - 7701
  • County: Summit
  • Zoning: BURCO LOT 4 ALL6807318
  • Source: NOWDD_NORM

This listing courtesy of Marshall Stephens, Keller Williams Chervenic Rlty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Miller-South Visual Performing Arts

1055 East Ave, Akron, OH, 44307

Grades 4-8

0.44 miles away

M

Miller-South Visual Performing Arts

1055 East Ave, Akron, OH, 44307

Grades 4-8

0.44 miles away

B

Buchtel Community Learning Center

1040 Copley Rd, Akron, OH, 44320

Grades 6-12

1.33 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.