OH > Akron > Pt Mccourt Allotment
Akron, OH 44306,650 Reed AVE
Akron, OH 44306,650 Reed AVE
Akron, OH 44306,650 Reed AVE
Akron, OH 44306,650 Reed AVE
Akron, OH 44306,650 Reed AVE
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Shawana Hanson

Shawana Hanson

+1(216) 971-3161
$ 103,700
Est. payment | /mo

2 Beds

1 Bath

6,268 Sqft Lot

Save
$ 103,700
Est. payment | /mo
Save

2 Beds

1 Bath

6,268 Sqft Lot

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Subdivision Pt Mccourt Allotment

MLS Listing ID 5153927

Style Bungalow,Cape Cod

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1944

Annual Tax Amount $1,729

Tax Year 2024

Lot Size 6,268 Sqft

Acres 0.1439

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 None

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 Bungalow, Cape Cod

Level or Stories One and One Half

Schools

School District Akron Csd - 7701

Others

Tax ID 6819023

Special Listing Condition Standard

Listed by Kim Lewis • Home Equity Realty Group • kim.lewis@heqrealty.com, 440-799-5638
Shawana Hanson

"Whether you're looking to purchase your first home, dream home, investment property, and/or sell your current home, I am committed to providing you with high-quality bespoke services."

+1(216) 971-3161

info@luxehauscle.com

1991 Crocker Rd. Suite 600, Westlake, OH, 44145, United States

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