738 Columbus avenue
Investment Info:
Single-family residence note investment investment.
Purchase price: $45,000
Cash invested: $10,000
Sale price: $85,000
738 Columbus Avenue, Akron, OH 44306
Single-family home in East Akron's 44306 zip. Built in 1916, 3 bed / 1 bath, situated on a 6,000 SF (0.14 acre) lot. Parcel #68-23043. Central heating and cooling. Located within Akron City School District, near Glover Community Learning Center and Kenmore Garfield Community Learning Center. Good candidate for cosmetic-to-moderate rehab given the age and small East Akron lot footprint.
What made you interested in investing in this type of deal?
738 Columbus Ave, Akron, OH 44306 — East Akron single-family, built 1916, 3 bed/1 bath, 0.14 acre lot. Central heat/AC. Cosmetic-to-moderate rehab candidate. Sqft disputed across sources (698 vs 1,270) — verify before listing.
How did you find this deal and how did you negotiate it?
found the deal by researching undervalued properties and comparing it to similar homes in the area. I negotiated based on the property’s condition, repair costs, and market value to get the best possible purchase price.
How did you finance this deal?
Cash
How did you add value to the deal?
Plan to add value through a partial cosmetic rehab — addressing deferred maintenance, updating finishes, and bringing the property up to a competitive standard for the East Akron market, increasing both resale and rental appeal.
What was the outcome?
Great investment opportunity with strong cash-flow potential, built-in value, and room for future appreciation. A solid addition to any investor’s portfolio.
Lessons learned? Challenges?
This deal taught me the importance of thorough due diligence, trusting the numbers, and staying focused on the long-term potential. While there were challenges along the way, the outcome made it all worthwhile. It was a great investment opportunity, and I would absolutely do it again.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
American Title (Columbus, OH) — reliable for title work on judicial sale properties.
