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$3,400,000
5226160 MLS
33 units across Greater Akron, listed at $3.4M, or $103,030 a door. Lease up the four units already under renovation and you are into a 9.3% cap with double-digit cash-on-cash. Push rents to market on turnover from there and it runs to a 10.3% pro forma. This is a stabilized, cash-flowing scattered-site portfolio that hands you double-digit returns once those units fill, not a paper story. The portfolio is 17 single families, 8 duplexes, 6 triplexes, and 2 condos spread across Akron and a few surrounding communities. Every property was fully remodeled in the last five years, with updated electrical and plumbing throughout, many with new furnaces and water tanks, and 6 carrying new roofs. You will see normal tenant wear, but the heavy capital is already in the ground. Ten units are Section 8 today, so a meaningful piece of the rent comes in government-backed and steady. The upside is clean. The four vacant units re-leasing is what carries you to the 9.3% stabilized figure. From there, rents sit about $100 a door under market, and you capture that on natural turnover, with the pro forma pushing cash-on-cash into the 17% range. Ancillary income adds about $6,300 a year on top. A good chunk of these sit in Akron's core rental neighborhoods, with a cluster in Highland Square, the walkable arts district built around the historic Highland Theatre and Mustard Seed Market. Akron runs on healthcare and education, with Summa Health, Cleveland Clinic Akron General, and the University of Akron anchoring steady tenant demand. It is one of the country's most affordable rental markets, about 40 miles south of Cleveland, and that low basis is what makes the yield work. Clean, easy portfolio to run, and a strong double-digit yield play in a stable Midwest market. Request the full financials and dig in.

203 Crosby, Akron
$4,900,000
5207316 MLS
Occupying a prominent position in Akron’s thriving East Market Corridor, "The 797 Building" represents a rare opportunity to acquire a diversified, 66,000+ SF mixed-use asset with immediate equity potential. This three-story property is anchored by the prestigious Alexander Pierce Restaurant, providing a stable commercial foundation with a current lease of $9,000 per month. The building’s revenue is further bolstered by 40 luxury one- and two-bedroom apartment residences, which command monthly rents between $1,000 and $1,400. Extensive renovations completed between 2019 and 2020 modernized the infrastructure, including residential unit updates, the installation of energy-efficient mini-split heating and cooling, and significant upgrades to all common areas. Beyond standard residential living, the property offers an upscale hospitality experience through its members-only Coat Room Lounge and the innovative first-floor Screen Suites, which provide private dining and theater experiences. Residents enjoy a robust amenity package featuring a business center, exercise room, multiple club lounges with workspaces, a pool table, and private event spaces. Practical needs are met with onsite laundry services, full security and fire systems, multiple elevators, and off-street parking for 84 vehicles. Ideally located near the University of Akron, major medical hubs, and downtown Akron, this extensively renovated asset is perfectly positioned to capitalize on the region’s emerging growth.

797 E Market Street, Akron

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