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Income property with a rare tenancy history. The current resident has occupied the home for 35 years at $650/month, delivering consistent, hassle-free collections and zero turnover cost - the kind of stability that's almost impossible to underwrite for. Below-market rent leaves clear runway for an investor to grow NOI over time. Location is the long-term play here. Akron continues to draw employment from Cleveland Clinic Akron General, Summa Health, Akron Children's Hospital, the University of Akron, and the Goodyear/Bridgestone corporate and R&D campuses - a diversified base that keeps rental demand steady year over year. Quick access to I-76, I-77, and SR-8 puts downtown Akron minutes away and downtown Cleveland well within commuting range, with Akron-Canton Airport a short drive south. Summit Metro Parks, the Towpath Trail, and Cuyahoga Valley National Park are all nearby, adding the ...
Income property with a rare tenancy history. The current resident has occupied the home for 35 years at $650/month, delivering consistent, hassle-free collections and zero turnover cost - the kind of stability that's almost impossible to underwrite for. Below-market rent leaves clear runway for an investor to grow NOI over time. Location is the long-term play here. Akron continues to draw employment from Cleveland Clinic Akron General, Summa Health, Akron Children's Hospital, the University of Akron, and the Goodyear/Bridgestone corporate and R&D campuses - a diversified base that keeps rental demand steady year over year. Quick access to I-76, I-77, and SR-8 puts downtown Akron minutes away and downtown Cleveland well within commuting range, with Akron-Canton Airport a short drive south. Summit Metro Parks, the Towpath Trail, and Cuyahoga Valley National Park are all nearby, adding the lifestyle appeal that keeps tenants renewing. Ideal for an investor building a Northeast Ohio portfolio, a 1031 buyer seeking placed capital, or anyone wanting immediate cash flow with upside at turnover. Contact your favorite realtor today if interested.
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