← 783 Leonard St, Akron, OH 44307 · Portfolio index

UPDATES.md

Generated 2026-07-12T12:17:42.243062+00:00 from live Dropbox Public folders.

Description

# Property Updates ## 2026-03-22 - Property Update (03/22/2026): - This property is legally only a 2-bedroom house and was listed for sale. - Good: New mechanicals, furnace and hot water tank, vinyl siding, 3 dimensional shingle roof, and dead-end street. - Bad: Old wood windows, no off street parking, overall interior condition is poor (and smells like cat pee). Additionally, the first floor "bedroom" isn't technically large enough to be considered a bedroom (70 sq ft is the minimum). It's like

Extracted Content

# Property Updates ## 2026-03-22 - Property Update (03/22/2026): - This property is legally only a 2-bedroom house and was listed for sale. - Good: New mechanicals, furnace and hot water tank, vinyl siding, 3 dimensional shingle roof, and dead-end street. - Bad: Old wood windows, no off street parking, overall interior condition is poor (and smells like cat pee). Additionally, the first floor "bedroom" isn't technically large enough to be considered a bedroom (70 sq ft is the minimum). It's like 56-60 sq feet. - In its current condition, it's worth $55k to $65k. All fixed up, ARV range of $85k to $95k. - [Comps](https://www.dropbox.com/scl/fi/ozkuwxrmdm7yj3xafzx8r/LeonardCompReport.pdf?rlkey=yh9fwkrczn1qvs1vbnoctbjsl&st=d0ea66cm&dl=0) and [walkthrough](https://photos.app.goo.gl/ySDU4UA6QvT92KMr9) - Due to the condition of the property, high risk of tenant non-payment in this market, and compounding interest on the existing loan balance and other outstanding debts, coupled with no sizable increase in valuation relative to the risk of leaving it vacant while it’s being fixed, we accepted a [cash offer of $67k](https://www.dropbox.com/scl/fi/qafgi3cbljrcv3tarv6sn/Purchase-Offer-783-Le