38-Unit, 27 Properties - Akron Portfolio 1 Specialty Properties Offered at $5,185,402 CAD in Akron, OH

38 units across Greater Akron, listed at $3.7M, or $97,368 a door. Lease up the five units already under renovation and you are into a 9.2% 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 27 properties totaling 38 units: 17 single-family homes, 5 duplexes, 3 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. 12 units are Section 8 today, so a meaningful piece of the rent comes in government-backed and steady.
The upside is clean. The five vacant units re-leasing is what carries you to the 9.2% 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.