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$1,090,000
31 Days On Site

347 Cleveland Street
Akron, OH 44306

For Sale|Commercial Sale|Pending
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1918
Built
Subdivision:
Vandalia Heights
County:
Summit

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Call Now: 440.838.1111
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440.838.1111
347 Cleveland Street347 Cleveland Street347 Cleveland Street347 Cleveland Street
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An extremely rare opportunity awaits with this 11-property (12-unit) portfolio, offering fully turnkey investments! This package consists of 11 single-family homes and a duplex, all strategically located in desirable Akron and Canton neighborhoods making management a breeze! Each property has been recently renovated, with many receiving cosmetic updates like fresh paint, new flooring, updated fixtures, and light kitchen and bathroom upgrades. The majority of units are tenanted with reliable Section 8 tenants, providing consistent cash flow. Currently, five properties are being marketed for rent and are expected to be occupied before closing, ensuring a smooth transition. Once fully occupied, the portfolio boasts an impressive cap rate of over 9%—a rare find for updated properties. This opportunity offers strong double-digit cash-on-cash returns, making it ideal for savvy investors looking to add high-performing assets to their portfolio!

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Listing Snapshot
Price 
$1,090,000
Days On Site 
31 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.1226 Acres
Year Built 
1918
MLS® Number 
5079887
Status 
Pending
Property Tax 
$11,309
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoStatus changed to Pending
2 weeks agoListing updated with changes from the MLS®
a month agoListing first seen on site
General Features
Acres 
1.1226
Sewer 
Public Sewer
Special Circumstances 
Standard
Water Source 
Public
Interior Features
Heating 
Natural GasForced Air
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Community Features
Financing Terms Available 
CashConventional
School District 
Akron CSD - 7701
Township 
Akron
Schools
School District
Akron CSD - 7701
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Tal Tamir of Russell Real Estate Services



The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES-MLS. Real estate listings held by brokerage firms other than are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged. Information Deemed Reliable But Not Guaranteed. Copyright 2024 - Multiple Listing Service, Inc. – All Rights Reserved.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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