Description
Income property with a rare tenancy history. The current resident has occupied the home for 35 years at $650/month, delivering consistent, hassle-free collections and zero turnover cost - the kind of stability that's almost impossible to underwrite for. Below-market rent leaves clear runway for an investor to grow NOI over time. Location is the long-term play here. Akron continues to draw employment from Cleveland Clinic Akron General, Summa Health, Akron Children's Hospital, the University of Akron, and the Goodyear/Bridgestone corporate and R&D campuses - a diversified base that keeps rental demand steady year over year. Quick access to I-76, I-77, and SR-8 puts downtown Akron minutes away and downtown Cleveland well within commuting range, with Akron-Canton Airport a short drive south. Summit Metro Parks, the Towpath Trail, and Cuyahoga Valley National Park are all nearby, adding the lifestyle appeal that keeps tenants renewing. Ideal for an investor building a Northeast Ohio portfolio, a 1031 buyer seeking placed capital, or anyone wanting immediate cash flow with upside at turnover. Contact your favorite realtor today if interested.
Details
| MLS # | 5228821 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1926 |
| Days On Site | 73 |
| Listing Provided By | Lokal Real Estate, LLC. | Keyano Burgess |
Features
| Bed(s) | 1 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 949 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 1 |
| Acreage | 0.14 |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Drive Through, Paved |
Taxes
| Tax Annual Amount | 1472 |
|---|
Area Information
| State | OH |
|---|---|
| County | Summit |
| City | Akron |
| Zip Code | 44310 |
| Community Name | Home Allotment |
| Listing VS Median (in Home Allotment) | |
Price: $34,500 low | high Med: $34,500 sqft: 949 low | high Med: 949 $ / sqft: $36 low | high Med: $36 On site: 73 low | high Med: 73 | |
Market Activity 44310
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Learn More About This Property
| State | OH |
|---|---|
| County | Summit |
| City | Akron |
| Zip Code | 44310 |
| Community Name | Home Allotment |
| Listing VS Median (in Home Allotment) | |
Price: $34,500 low | high Med: $34,500 sqft: 949 low | high Med: 949 $ / sqft: $36 low | high Med: $36 On site: 73 low | high Med: 73 | |