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Laura Vandervaart

laura@workwithvandervaart.com +1(330) 575-8446

$ 87,500

Est. payment -/mo

Save

Pending

1115 Florida AVE Akron, OH 44314

3 Beds

1 Bath

4,948 Sqft Lot

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Pending

Purchase Type For Sale

Subdivision Shadyside Allotment

MLS Listing ID 5152132

Style Colonial

Bedrooms 3

Full Baths 1

HOA Y/N No

Year Built 1923

Annual Tax Amount $1,722

Tax Year 2024

Lot Size 4,948 Sqft

Acres 0.1136

Property Sub-Type Single Family Residence

Property Description

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

Location

State OH

County Summit

Rooms

Basement Concrete

Interior

Heating Forced Air

Cooling Central Air

Fireplace No

Exterior

Parking Features Detached, Garage

Garage Spaces 2.0

Garage Description 2.0

Water Access Desc Public

Roof Type Asphalt

Private Pool No

Building

Sewer Public Sewer

Water Public

Architectural Style Colonial

Level or Stories Two

Schools

School District Akron Csd - 7701

Others

Tax ID 6854800

Special Listing Condition Standard

Listed by Kim Lewis • Home Equity Realty Group • garrett.rowan@heqrealty.com, 803-992-1429

SCHOOLSPROPERTIES

Elementary Schools 19

5

Barberton Middle School

Public | 5 - 9
5

Barberton Elementary School East

Public | PK - 4
5

Sam Salem Community Learning Center

Public | KG - 5
5

Pfeiffer Elementary School

Public | KG - 5
5

Miller-South Visual Performing Arts

Public | 4 - 8
5

Rimer Community Learning Center

Public | KG - 5
4

Schumacher Community Learning Cent

Public | KG - 6
4

Helen Arnold Community Learning Center

Public | KG - 6
2

Crouse Community Learning Center

Public | KG - 5
0

Imagine Leadership Academy

Public | 1 - 6
0

Emmanuel Christian Academy

Private | PK - 8
0

Imagine Akron Academy

Public | KG - KG
0

Lawndale Elementary School

Public | KG - 5
0

Smith Elementary School

Public | KG - 5
0

Erwine Intermediate School

Public | 3 - 5
0

Colonial Preparatory Academy

Public | KG - 8
0

St Mary Elementary School

Private | KG - 8
0

Main Street Preparatory Academy

Public | KG - 5
0

St Vincent Depaul Elementary School

Private | PK - 8

Middle Schools 5

7

Coventry Middle School

Public | 6 - 8
3

Innes Community Learning Center

Public | 6 - 8
1

Buchtel Community Learning Center

Public | 6 - 12
0

The Next Frontier Academy

Public | 7 - 9
0

Akron Opportunity Center

Public | 6 - 8

High Schools 5

5

Coventry High School

Public | 9 - 12
3

Barberton High School

Public | 9 - 12
0

Life Skills Center of Summit County

Public | 9 - 12
0

Kenmore High School

Public | 9 - 12
0

Akron Alternative Academy

Public | 11 - 12

School and business data provided by Attom Data.

Laura Vandervaart

Associate Broker / Team Leader | License ID: BRK2024003964

+1(330) 575-8446

Laura Vandervaart

1115 Florida AVE Akron, OH 44314

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1115 Florida AVE