Property Description

Very desirable scattered site portfolio consisting of 158 rental units under 41 roofs along with three vacant lots. Located throughout the greater Akron area and into Wadsworth, this impressive portfolio encompasses an array of styles, is attractive to many different renters and stays consistently occupied. Gross rents total $1,378,404. Annual expenses are approximately $635,596. Currently there are 4 vacancies. Housing includes: a private island peninsula, 42 unit building, 22-unit community, 16- unit building, 12-unit building, 9-unit community, 7-unit block, 7 single family homes, 1- quintuplex, 3 quadplexes and 13 duplexes/ twinplexes. These properties are located in pockets of highly sought- after neighborhoods with established high revenue and very low vacancy rates. There are many garage spaces (not used by the Tenants) and various coin- operated laundry machines as added ancillary income. This portfolio generates immediate cash flow and has a long term upside compelling private investors, corporate groups, commercial real estate holdings and individual investors into an impressive acquisition with a single transaction. 86 of the units are 2bd, 65 are 1bd, 6 are 3bd and one is a studio. Additional parcel numbers: 6703228, 6723671, 6733288, 6733289, 6742140, 6742141, 6726936, 6761197, 6762834, 6800459, 6828011, 6854980, 6824202, 6835384, 6809851, 6809854, 6839061, 6838852, 6842468, 6819826, 6801160, 1906872, 1904742, 2200101, 2200805, 1901895, 1901894, 1901898, 1906041, 5109925, 5400854, 5402242, 5400856, 5400546, 5401998. Financials available upon request with a signed NDA.

Property Features

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