c.1918 Ohio Fixer Upper For Sale Under $55K

OHU50K Notes   $54,000

 

Nestled in a sought-after neighborhood, this Ohio fixer upper for sale enjoys the benefits of convenience and accessibility. The home offers its original built-in room dividers, enclosed front porch, eat-in kitchen, basement, and public water and sewer. It is located just a short walk to Summit Lake. You can walk or bicycle along the lake path and view the wildlife up close with a kayak trip around the lake.

 

Agent Comments

Investor’s Dream in Akron, Ohio. Great ROI Potential!

• 3 bed
• 1bath
• 1,208 sqft
• 6,752 sqft lot
• Build date 1918

 

Prime Location:

An ideal choice for future tenants.

Competitive Pricing:

Priced to sell, this property presents an unbeatable investment opportunity. The low entry cost provides a solid foundation for maximizing your ROI.

Update and Elevate:

While the home requires updates, minimal investment will increase its market value significantly.

ROI Assurance:

This isn’t just a home; it’s a promise of return on investment. With strategic updates, watch your investment grow as the property transforms into a highly desirable asset.

Rental Income Potential:

Akron’s rental market is thriving, and this property is perfectly positioned to capitalize on the demand for quality housing.

ROI Projections:

Short-Term Gains: Implement cosmetic updates to quickly boost property value. Long-Term Strategy: Ride the wave of Akron’s growing real estate market, securing substantial returns over time. Contact us today to discuss how this property can be your gateway to financial success! Property sold as is .

 

If interested in a property, please contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.

1909 2nd St SW, Akron, OH 44314     $54,000

• Contact Realtor: Megan Featherston – Exp Realty, Llc.
• Google Map
• Niche

 

 

Location

This Ohio fixer upper is in Summit Lake, a neighborhood located in Akron. It is situated just south of downtown Akron and is named after the nearby Summit Lake, which is a natural glacial lake.

Historically, Summit Lake was a popular recreational area with a beach, boating facilities, and an amusement park. However, over the years, the neighborhood faced various challenges, including economic decline and disinvestment. As a result, the area experienced a decline in population and an increase in vacant properties.

In recent years, there have been efforts to revitalize the Summit Lake neighborhood. The city of Akron, along with community organizations and residents, has been working on initiatives to improve the area’s livability and attract investment. These initiatives include the Summit Lake Community Center, which provides recreational activities and programming for residents, as well as efforts to address housing issues and promote community engagement.

Summit Lake is also home to the Summit Lake Nature Center, which offers opportunities for outdoor recreation, such as hiking and bird-watching. The lake itself has undergone ecological restoration efforts to improve water quality and enhance its natural habitat.

 

 

 

Family History

From the late 1940s to the 1980s, this was the home of Fred A. Meyer (1910-1984). He was a truck driver for a beer manufacturer. He lived in the home with his wife, Martha, and daughter, Geraldine.

 

 

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