← Ohio 3-Property Package · All properties

DESCRIPTION-FULL-2026-04-12 - Ohio 3 Property Package, Akron, Ohio 44117.md

This page is a searchable text preview. Use the Dropbox link for the full original file.

Open full file in Dropbox

What This File Appears To Be

Property originally listed for sale on the marketplace by *Alex Johnson with Real Estate Quest, LLC (1518 Dille Rd) and Akron Dream Homes LLC (1258 Lily St and 1321 Allendale Ave)*. 1258 Lily St was sold on 01/15/2026 w/ a $50k seller carryback note on 5-year balloon. [Click here](https://learn.lofty.ai/en/articles/6145558-how-the-lofty-marketplace-works) to learn more about how third parties list their properties on the Lofty Marketplace. --- Two-property package located in Ohio. ## 1321 Allend

Text Preview

Property originally listed for sale on the marketplace by *Alex Johnson with Real Estate Quest, LLC (1518 Dille Rd) and Akron Dream Homes LLC (1258 Lily St and 1321 Allendale Ave)*. 1258 Lily St was sold on 01/15/2026 w/ a $50k seller carryback note on 5-year balloon.

[Click here](https://learn.lofty.ai/en/articles/6145558-how-the-lofty-marketplace-works) to learn more about how third parties list their properties on the Lofty Marketplace.

---

Two-property package located in Ohio.

## 1321 Allendale Ave, Akron, OH 44306

Single Family Home located in Akron, Ohio.

## Details
- 3 bedrooms, 1 bathroom, and 1,050 sq ft
- New paint and flooring (2019)
- New garage and concrete work in driveway (2018)
- New bathroom (2019)
- New roof (2017)
- 4839 sq ft lot
- Built in 1944

## Property Management and Insurance
- Managed by Eco Systems LLC
- [Insurance Policy](https://www.dropbox.com/scl/fi/f05weeklge0n6xzva2z5k/Evidence-of-Insurance-01-24-2025_to_01-24-2026-1321_Allendale_Ave.pdf?rlkey=uztw1saj7hg46w0nbozdnz1xq&dl=0) through [Obie Insurance](https://www.obieinsurance.com/)

## Occupancy Status
- 1 year lease (11/22/2024 - 11/21/2025)
- $1,045/month
- $1,045 Security Deposit
- [Lease Agreement](https://www.dropbox.com/scl/fi/we38kx0x63e2lq3cms5x9/Lease-11-22-2024-11-21-2025-1321-Allendale-Ave-Akron-OH-44306_Redacted.pdf?rlkey=cxy5kkcmakr4g7sut9fo6x8t4&st=pxn2885f&dl=0)
 
## Location Data
- 3/5 Neighborhood Rating on [Roofstock](https://www.roofstock.com/get-neighborhood-rating)
- "C+" Rating for Zip Code on [Niche](https://www.niche.com/places-to-live/z/44306/)

## Due Diligence Documents
- [HouseCanary Property Valuation Report](https://www.dropbox.com/scl/fi/aj61nhg8pyng9o3pxfhng/Property-Valuation-Reports-May-2024-1321-Allendale-Ave-Akron-OH-44306.pdf?rlkey=7fxzsx3fava7onoe7ik60vut1&st=dn7cx7r3&dl=0)
- [Inspection Report](https://www.dropbox.com/s/2qy6jm0zofrcvgk/Inspection%20Report%20-%201321%20Allendale%20Ave%20-%20Lofty%20Holding%201518%20Dille%20Road%20LLC.pdf?dl=0)
- [Inspection Report Repairs](https://www.dropbox.com/s/tocph8rtygvxsql/Inspection%20Report%20Repairs%20-%20Ohio%203%20Property%20Package.pdf?dl=0)
- [Purchase Agreement](https://www.dropbox.com/s/c2yxoon38jx386z/Purchase%20Contract%20-%201321%20Allendale%20Ave%20-%20Lofty%20Holding%201518%20Dille%20Road%20LLC.pdf?dl=0)
- [Operating Agreement](https://www.dropbox.com/scl/fi/eeqoam872omb7wttg4h2m/DAO-Operating-Agreement-Lofty-Holding-1518-Dille-Road-DAO-LLC-Ohio-3-Property-Package.pdf?rlkey=l4n0phyga2yqbrn0leogqn1de&dl=0)
- [Closing Statement](https://www.dropbox.com/s/m4onpo4zfly35zp/Closing%20Documents%20-%201321%20Allendale%20Ave%20-%20Lofty%20Holding%201518%20Dille%20Road%20LLC.pdf?dl=0)
- [Deed](https://www.dropbox.com/s/s2zhd75z8oaskps/Deed%20-%201321%20Allendale%20Ave%2C%20Akron%2C%20OH%2044306.pdf?dl=0)
- [View All Documents](https://www.dropbox.com/sh/7qqxx7u0bs61thz/AAAvq0vjWDDuxVrSmDB-YSPza?dl=0)

---

## First-Position Mortgage and Promissory Note for $50,000 @ 7% interest rate amortized over 30 years w/ 5-year balloon
- Monthly payments of $until balance balloons in January 2031
- Secured by Personal Guarantee and Collateral: 1258 Lily St, Akron, OH 44301 (Single Family Home located in Akron, Ohio)

## Details
- 2 bedrooms, 1.5 bathrooms, and 750 sq ft
- New hot water tank (Dec. 2024)
- New flooring (LVP & carpet) (2019)
- New kitchen (2018)
- New bathroom (2018)
- Furnace is 23 years old, in good working condition
- Roof is 10-15 years old in good condition
- Built in 1924
 
## Location Data
- 2/5 Neighborhood Rating on [Roofstock](https://www.roofstock.com/get-neighborhood-rating)
- "B" Rating for Zip Code on [Niche](https://www.niche.com/places-to-live/z/44301/)
 
## Due Diligence Documents
- [HouseCanary Property Valuation Report](https://www.dropbox.com/scl/fi/yu0rj9tf9ukir5jd1l0sk/Property-Valuation-Reports-May-2024-1258-Lily-St-Akron-OH-44301.pdf?rlkey=hbhdqir7cwonmbmy5kdkvj68e&st=we7s1cyh&dl=0)
- [Operating Agreement](https://www.dropbox.com/scl/fi/eeqoam872omb7wttg4h2m/DAO-Operating-Agreement-Lofty-Holding-1518-Dille-Road-DAO-LLC-Ohio-3-Property-Package.pdf?rlkey=l4n0phyga2yqbrn0leogqn1de&dl=0)
- [Mortgage]()
- [Promissory Note]()
- [View All Documents](https://www.dropbox.com/sh/9dexmd5cd55fbq0/AACahCgGsE7TBY5bC3NQCukea?dl=0)

---

## 1518 Dille Rd, Euclid, OH 44117

2-Unit property (Duplex) located in Euclid, Ohio.

## Details
- 4 bedrooms, 2 bathrooms, and 2,388 sq ft
- Consists of two 2 bedroom, 1 bathroom units
- Owner pays around $140/month for water & sewer utilities
- Owner pays $400/year for an annual rental license for the city of Euclid
- 2 car garage
- Built in 1925
- Seller provided a $4,000 credit at closing for repairs mentioned in the [Inspection Report](https://www.dropbox.com/s/2iz7n54w1reeqg8/Inspection%20Report%20Notes%20-%201518%20Dille%20Rd%20-%20Lofty%20Holding%201518%20Dille%20Road%20LLC.pdf?dl=0)

## Property Management and Insurance
- Managed by Eco Systems LLC
- [Insurance Policy](https://www.dropbox.com/scl/fi/5bddqt92ahnokreyvdcbz/Evidence-of-Insurance-01-24-2025_to_01-24-2026-1518_Dille_Rd.pdf?rlkey=9ce6o66tiud9quj4q4fjnrczx&dl=0) through [Obie Insurance](https://www.obieinsurance.com/)

## Occupancy Status
- **Lower Unit**
    - 1 year lease (12/01/2024 - 11/30/2025)
    - $795/month
    - $795 Security Deposit
    - [Lease Agreement](https://www.dropbox.com/scl/fi/n0ai5bqhjtpxjv823j6eo/Lease-12-01-2024-11-30-2025-1518-Dille-Rd-Unit-1-Euclid-OH-44117_Redacted.pdf?rlkey=k77ma46ruf99bis4cobl907op&st=l5ul10ci&dl=0)
- **Upper Unit**
    - 1 year lease renewal (04/01/2024 - 03/31/2025)
    - $1,000/month
    - Tenant was previously on a 1 year lease (04/01/2022 - 04/01/2023) at $1,000/month
    - Tenant receives rental assistance from the government. Parma Housing pays most of the rent.
    - $500 Security Deposit
    - Same tenant was previously on a 1 year lease from 03/31/2021 - 03/31/2022
    - [Lease Agreement](https://www.dropbox.com/scl/fi/h7y2u2moaimkbfwcc1hvt/Lease-1520-Unit-2-04-01-2024-03-31-2025-1518-Dille-Road-Euclid-OH-44117_Redacted.pdf?rlkey=bsnpdvsg1p80epuz0jozglybt&st=1gnxsho4&dl=0)
 
## Location Data
- 1.5/5 Neighborhood Rating on [Roofstock](https://www.roofstock.com/get-neighborhood-rating)
- "C" Rating for Zip Code on [Niche](https://www.niche.com/places-to-live/z/44117/)
 
## Due Diligence Documents
- [HouseCanary Property Valuation Report](https://www.dropbox.com/scl/fi/cmqqmn659zodhiofi1xub/Property-Valuation-Reports-May-2024-1518-Dille-Rd-Euclid-OH-44117.pdf?rlkey=usp18ljx3myopgebkj24os5qa&st=9lavb78h&dl=0)
- [Inspection Report](https://www.dropbox.com/scl/fo/c9xvxb4p9dn0zaer75wvx/h?dl=0&rlkey=dr2lgildtjaqi2m034mouimwe)
- [Inspection Report Repairs](https://www.dropbox.com/s/tocph8rtygvxsql/Inspection%20Report%20Repairs%20-%20Ohio%203%20Property%20Package.pdf?dl=0)
- [Purchase Agreement](https://www.dropbox.com/s/l0orc5g3cnkda97/Purchase%20Contract%20-%201518%20Dille%20Rd%20-%20Lofty%20Holding%201518%20Dille%20Road%20LLC.pdf?dl=0)
- [Operating Agreement](https://www.dropbox.com/scl/fi/eeqoam872omb7wttg4h2m/DAO-Operating-Agreement-Lofty-Holding-1518-Dille-Road-DAO-LLC-Ohio-3-Property-Package.pdf?rlkey=l4n0phyga2yqbrn0leogqn1de&dl=0)
- [Closing Statement](https://www.dropbox.com/s/030vjw7zff404na/Closing%20Documents%20-%201518%20Dille%20Rd%20-%20Lofty%20Holding%201518%20Dille%20Road%20LLC.pdf?dl=0)
- [Property Deed](https://www.dropbox.com/s/fzkyig5ecxge1si/Property%20Deed%20-%201518%20Dille%20Rd%20-%20Lofty%20Holding%201518%20Dille%20Road%20LLC.pdf?dl=0)
- [View All Documents](https://www.dropbox.com/sh/z9zq9mch2iivh2j/AADRSE_bG5w7_gA-MlF2GYhOa?dl=0)
- [View All Updates](https://www.loftyassist.com/properties/01FYMDBCSB68KV2Q9KRPNBQ7XW)