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Todd Hurd

[email protected] +1(330) 338-3473

$ 84,000

Est. payment -/mo

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Pending

534 Thelma AVE Akron, OH 44314

2 Beds

1 Bath

2,760 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Pending

Purchase Type For Sale

Square Footage 2,760 sqft

Price per Sqft $30

Subdivision Summit Lake Allotment

MLS Listing ID 5153938

Style Bungalow

Bedrooms 2

Full Baths 1

HOA Y/N No

Abv Grd Liv Area 1,380

Year Built 1923

Annual Tax Amount $1,410

Tax Year 2024

Lot Size 4,800 Sqft

Acres 0.1102

Property Sub-Type Single Family Residence

Property Description

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

Location

State OH

County Summit

Rooms

Basement Finished

Interior

Heating Forced Air

Cooling None

Fireplace No

Exterior

Parking Features Direct Access

Water Access Desc Public

Roof Type Asphalt

Private Pool No

Building

Sewer Public Sewer

Water Public

Architectural Style Bungalow

Level or Stories Two

Schools

School District Akron Csd - 7701

Others

Tax ID 6706664

Special Listing Condition Standard

Listed by Kim Lewis • Home Equity Realty Group • [email protected], 440-799-5638

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES

Elementary Schools 20

5

Sam Salem Community Learning Center

Public | KG - 5
5

Pfeiffer Elementary School

Public | KG - 5
5

Miller-South Visual Performing Arts

Public | 4 - 8
5

Rimer Community Learning Center

Public | KG - 5
5

Portage Path Community Learning Center

Public | KG - 5
5

King Elementary School

Public | KG - 5
5

National Inventors Hall of Fame School, Center for STEM Learning

Public | 5 - 8
4

Schumacher Community Learning Cent

Public | KG - 6
4

Helen Arnold Community Learning Center

Public | KG - 6
4

Harris Elementary School

Public | KG - 5
4

Firestone Park Elementary School

Public | KG - 5
4

McEbright Community Learning Center

Public | KG - 5
3

Voris Community Learning Center

Public | KG - 5
3

The Edge Academy

Public | KG - 5
2

Crouse Community Learning Center

Public | KG - 5
1

Leggett Community Learning Center

Public | KG - 5
0

The Lippman School

Private | KG - 8
0

Imagine Leadership Academy

Public | 1 - 6
0

Emmanuel Christian Academy

Private | PK - 8
0

Imagine Akron Academy

Public | KG - KG

Middle Schools 7

7

Coventry Middle School

Public | 6 - 8
3

Innes Community Learning Center

Public | 6 - 8
3

Akros Middle School

Public | 6 - 8
1

Buchtel Community Learning Center

Public | 6 - 12
0

The Next Frontier Academy

Public | 7 - 9
0

Akron Opportunity Center

Public | 6 - 8
0

Akron Digital Academy

Public | 6 - 12

High Schools 10

10

Akron Early College High School

Public | 9 - 12
7

Akron STEM High School

Public | 9 - 12
5

Coventry High School

Public | 9 - 12
1

Summit Academy Secondary - Akron

Public | 9 - 12
1

Garfield High School

Public | 9 - 12
0

Life Skills Center of Summit County

Public | 9 - 12
0

Kenmore High School

Public | 9 - 12
0

Akron Alternative Academy

Public | 11 - 12
0

Towpath Trail High School

Public | 9 - 12
0

St Vincent-St Mary High School

Private | 9 - 12

School and business data provided by Attom Data.

Todd Hurd

+1(330) 338-3473

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Akron, OH

Todd Hurd

534 Thelma AVE Akron, OH 44314

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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534 Thelma AVE