Commercial Real Estate for Sale at 1326 Pontiac Avenue in Akron, OH for $1,600,000

Javascript is required to view this map.

1326 Pontiac Avenue | Akron

$1,600,000 | 0.0 Sq. Ft.

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. \r\n\r\n618 Sanford Ave Akron, OH 44305 Parcel # 6806648\r\n\r\n1257 Greenwood Ave Akron, OH 44320 Parcel # 6720710\r\n\r\n1145 Brown St Akron, OH 44301 Parcel # 6709487\r\n\r\n785 Bellevue Ave Akron, OH 44307 Parcel # 6803711\r\n\r\n1198 Easton Dr Akron, OH 44310 Parcel # 6832808\r\n\r\n549 Garry Rd Akron, OH 44305 Parcel # 6801556\r\n\r\n1123 Coventry St Akron, OH 44306 Parcel # 6746729\r\n\r\n1326 Pontiac St Akron, OH 44307 Parcel # 6807318\r\n\r\n723 Virginia Ave Akron, OH 44306 Parcel # 6807563\r\n\r\n2541 Edgebrook Ave Akron, OH 44312 Parcel # 6707133\r\n\r\n1951 Faye Rd Akron, OH 44306 Parcel # 6858894\r\n\r\n1084 Yukon Ave Akron, OH 44320 Parcel # 6704473 MLSNow 5154951 Directions to property: Use GPS to see all properties

MLS Listing ID: 
MLSNow 5154951
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$1,600,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Other
Primary Market Area: 
Akron
Address: 
1326 Pontiac Avenue, Akron, OH 44307
County: 
Summit
Latitude: 
41.0663450
Longitude: 
-81.5559660
Directions: 
Use GPS to see all properties
Public Remarks: 
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. \r\n\r\n618 Sanford Ave Akron, OH 44305 Parcel # 6806648\r\n\r\n1257 Greenwood Ave Akron, OH 44320 Parcel # 6720710\r\n\r\n1145 Brown St Akron, OH 44301 Parcel # 6709487\r\n\r\n785 Bellevue Ave Akron, OH 44307 Parcel # 6803711\r\n\r\n1198 Easton Dr Akron, OH 44310 Parcel # 6832808\r\n\r\n549 Garry Rd Akron, OH 44305 Parcel # 6801556\r\n\r\n1123 Coventry St Akron, OH 44306 Parcel # 6746729\r\n\r\n1326 Pontiac St Akron, OH 44307 Parcel # 6807318\r\n\r\n723 Virginia Ave Akron, OH 44306 Parcel # 6807563\r\n\r\n2541 Edgebrook Ave Akron, OH 44312 Parcel # 6707133\r\n\r\n1951 Faye Rd Akron, OH 44306 Parcel # 6858894\r\n\r\n1084 Yukon Ave Akron, OH 44320 Parcel # 6704473
Community Information
School District: 
Akron CSD - 7701
Subdivision: 
Burco
Building Details
Details about the building on a property.
Year Built: 
1957
Living Area: 
0.0
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.15
Lot Size (Area): 
0.15
Public Record
Parcel Number: 
6807318
Annual Tax: 
$1,231.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed,Negotiab
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Keller Williams Chervenic Rlty

Request More Information