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601 Glendora Ave

Akron OH 44320

3
1
1
0.08 ac.
Single-Family
Currently for sale - view listing

Overview

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

Features

3 bedrooms
1 bathroom
1 carspace
1 garage space
0.08 ac. lot size
Single-Family

Property history for 601 Glendora Ave

2024
Rented
Undisclosed
06 May 2024 by BHHS Simon & Salhany Realty
2023
Rented
Undisclosed
30 Jan 2023 by BHHS Simon & Salhany Realty
2016
Sold
$16,500
28 Dec 2016 by Cynthia Simpson, of Coldwell Banker Schmidt Realty

Happy sellers in Akron

85%
85% of sellers in Akron reported that their sale price either exceeded or met their price expectations.

Akron stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Akron over the last 12 months.

Local market activity for 3 bedroom single-family properties in Akron

In the last 12 months, 141 three-bedroom single-family properties similar to 601 Glendora Ave, have been sold.

This represents a 17% increase in three-bedroom single-family properties sales when compared to the previous 12 months.

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