1115 Florida Avenue
Kenmore, OH, 44314 $ 1,400,000
Bedrooms-- Baths-- Monthly Estimate*
$ 8,734
for $1,400,000. This building was built in 1923 on a lot size of 0.1136.
Outstanding investment portfolio opportunity 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
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FeaturesGeneralHeating Gas
Possession Negotiable
Year Built 1923
Township Akron
Property Subtype Other
Tax Year 2024
County Summit
Property Type Commercial Sale
Attached Garage false
Subdivision Name Shadyside Allotment
Status Pending
Directions Intersection of Florida Ave and 23rd St NW
City Kenmore
High School District Akron CSD - 7701
Lot Size Units Acres
Tax Annual Amount 1722
Living Area Units Square Feet
Standard Status Pending
Occupancy Type Tenant
Middle/Junior School District Akron CSD - 7701
Elementary School District Akron CSD - 7701
Year Built Source Public Records
Property Sub Type Additional Other
Legal Description SHADYSIDE LOT 141 S 110 FT LESS SW PT
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InteriorHeating Y/N true
Main Level Bathrooms 0
Total Baths 0
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ExteriorLot Size Area 0.1136
Lot Size Acres 0.1136
Lot Size Source Assessor
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* Excluded FeaturesList ByHome Equity Realty GroupBroker
kim.lewis@heqrealty.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $8,734
- Monthly Property Taxes
- $144
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Kenmore, OH
Average List Price $1,400,000
Percent of Sale Price 0%
Trends Information provided by ATTOM Data Solutions.
4457920 Elementary School
4457926 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/17/2025 | $1,400,000 | | Listed Price |