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Commercial Real Estate for Sale at 1115 Florida Avenue in Kenmore, OH for $1,400,000

Listing data last changed 08/27/2025 - 10:08pm
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1115 Florida Avenue | Kenmore

$1,400,000 | 0.0 Sq. Ft.

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 \u2013 Parcel #6854800; 1725 Manchester Rd., Akron, OH 44314 \u2013 Parcel #6759324; 213 Hermann St., Barberton, OH 44203 \u2013 Parcel #0106466; 2167 East Ave., Akron, OH 44314 \u2013 Parcel #6734163; 2513 Christensen Ave., Akron, OH 44314 \u2013 Parcel #6804010; 530 Thelma Ave., Akron, OH 44314 \u2013 Parcel #6827182; 534 Thelma Ave., Akron, OH 44314 \u2013 Parcel #6706664; 539 Thelma Ave., Akron, OH 44314 \u2013 Parcel #6821068; 543 Thelma Ave., Akron, OH 44314 \u2013 Parcel #6821067; 545 Thelma Ave., Akron, OH 44314 \u2013 Parcel #6814967; 546 Thelma Ave., Akron, OH 44314 \u2013 Parcel #6821066; 601 Glendora Ave., Akron, OH 44320 \u2013 Parcel #6749017; 650 Reed Ave., Akron, OH 44306 \u2013 Parcel #6819023; 694 Virginia Ave., Akron, OH 44306 \u2013 Parcel #6725186; 955 N Firestone Blvd., Akron, OH 44306 \u2013 Parcel #6742296. Financials and rent rolls are available upon request MLSNow 5151689 Directions to property: Intersection of Florida Ave and 23rd St NW

MLS Listing ID: 
MLSNow 5151689
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$1,400,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Other
Primary Market Area: 
Kenmore
Address: 
1115 Florida Avenue, Kenmore, OH 44314
County: 
Summit
Latitude: 
41.0426130
Longitude: 
-81.5673560
Directions: 
Intersection of Florida Ave and 23rd St NW
Public Remarks: 
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 \u2013 Parcel #6854800; 1725 Manchester Rd., Akron, OH 44314 \u2013 Parcel #6759324; 213 Hermann St., Barberton, OH 44203 \u2013 Parcel #0106466; 2167 East Ave., Akron, OH 44314 \u2013 Parcel #6734163; 2513 Christensen Ave., Akron, OH 44314 \u2013 Parcel #6804010; 530 Thelma Ave., Akron, OH 44314 \u2013 Parcel #6827182; 534 Thelma Ave., Akron, OH 44314 \u2013 Parcel #6706664; 539 Thelma Ave., Akron, OH 44314 \u2013 Parcel #6821068; 543 Thelma Ave., Akron, OH 44314 \u2013 Parcel #6821067; 545 Thelma Ave., Akron, OH 44314 \u2013 Parcel #6814967; 546 Thelma Ave., Akron, OH 44314 \u2013 Parcel #6821066; 601 Glendora Ave., Akron, OH 44320 \u2013 Parcel #6749017; 650 Reed Ave., Akron, OH 44306 \u2013 Parcel #6819023; 694 Virginia Ave., Akron, OH 44306 \u2013 Parcel #6725186; 955 N Firestone Blvd., Akron, OH 44306 \u2013 Parcel #6742296. Financials and rent rolls are available upon request
Community Information
School District: 
Akron CSD - 7701
Subdivision: 
Shadyside Allotment
Building Details
Details about the building on a property.
Year Built: 
1923
Living Area: 
0.0
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Gas
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.11
Lot Size (Area): 
0.11
Public Record
Parcel Number: 
6854800
Annual Tax: 
$1,722.00
Contract Details
Details about the listing contract.
Possession: 
Negotiable
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Home Equity Realty Group

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