Akron Investment Property For Sale

106-108 Lake Street Akron, OH 44301

FOR SALE Incentives
Property Type:
MultiFamily Apartments
Last Verified:
Aug 14, 2017


  • • Sale Price: $99,000
  • • Taxes: $1,932.16 / Annually
  • • Location: 1 Mile from I-76 / I-77
  • • Available Space: 3,996 SF
  • • Zoning: Residential
  • • Highest & Best Use: Rental Income
  • • Frontage: 40’
  • • Dimensions: 162’
  • • Topography: Flat
  • • Parcel#: 6843253


This property consists of 2 buildings. Recently renovated with 3 rental units. Has combined annual income of $14,700 with a 14.80% cap rate.

Located off S. Main St. 1 mile South of I-76.

Year Built: 1918
Building Size: 3996.0sq ft
Lot Size: 0.15 acres

Map of 106-108 Lake Street, Akron, OH, 44301

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Real Estate Incentives (What is this?)
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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.