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428 Cross St, Akron, photo 1
428 Cross St, Akron, photo 2
428 Cross St, Akron, photo 3
428 Cross St, Akron, photo 4
428 Cross St, Akron, photo 5

428 Cross St

428 Cross St

Akron, OH 44311

Multi Family
Share price$40.00
Avg yield—
Current yield0%
CommunityDiscuss this property with investors and the property manager

About

Property originally listed for sale on the marketplace by Julius Patrick Industries, LLC.

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3-Unit property (Triplex) located in Akron, Ohio.

Details

  • The property has undergone major renovations, including new roof, siding, windows, electrical, and hot water heater
  • The units are identical and feature 2 bedrooms with private lock/key, 1 full bathroom, updated kitchen with breakfast nook, and cable-ready living room
  • Each room has its own thermostat and there is key access to a rear entry laundry room that requires a stackable washer and dryer unit
  • The building has new electrical with 4 meter boxes and added exterior entry laundry room, 4 new exterior doors, new concrete stairs and driveway, new siding, new gutters and downspouts, new replacement windows, and landscaping
  • The interior has new/upgraded electrical and all wiring is to code, including GFI outlets in the kitchen and bathrooms
  • Each unit has new electric baseboard heaters with thermostats in each room, new light fixtures, and new cabinets, countertops, sinks, faucets, tubs, toilets, and vanities
  • The lower unit has new drywall throughout and all units have been primed and painted
  • Tenants are responsible for paying their own electric and the units have virtually maintenance-free electric baseboard heat
  • Located near The University of Akron

Property Management and Insurance

Occupancy Status

  • Unit 1 (Delinquent, under eviction)
  • Aligned (sub-PM) is fighting with the tenant on a rent escrow case
  • 1 year lease (11/08/2024 - 11/07/2025)
  • $795/month
  • $795 Security Deposit
  • Lease Agreement
  • Unit 2
  • 1 year lease (04/01/2023 - 03/31/2024)
  • $845/month
  • $845 Security Deposit
  • Lease Agreement
  • Unit 3 (Vacant)

Location Data

  • 1.5/5 Neighborhood Rating on Roofstock
  • "C+" Rating for Zip Code on Niche

Due Diligence Documents

Property Management

ECO Systems LLC

ECO Systems LLC is a property management company specializing in residential rental properties across the Midwest and East Coast. With a diverse portfolio spanning Ohio, Illinois, New York, and Florida, ECO Systems focuses on hands-on property management, tenant relations, and maximizing returns for co-owners. The team manages properties ranging from single-family homes to small multifamily buildings, with a particular focus on affordable housing markets with strong rental demand.

About this offering

Total Property Value$279,236.7
Equity
$272,137
Closing Costs$1,500
LLC Formation$600
Operating Reserve
-$3,288.21

The Market

Akron, Ohio

Akron offers some of the most affordable homeownership in Northeast Ohio without giving up big-city amenities. Major employers like Goodyear, Summa Health, Cleveland Clinic Akron General, and the University of Akron anchor the local job base, and I-76 and I-77 put Cleveland and Canton within an easy drive. Cuyahoga Valley National Park and the Towpath Trail sit just north of the city, giving residents miles of trails and green space close to home.

Property Updates

UpdateJul 31, 2026
  • Major items for July 2026:

  • Revenue was $2,711.93 and operating expenses were -$804.14, resulting in NOI of $1,907.79.

  • Below NOI, the ledger records capital expenditures or private-loan payments of $165.71; Net Operating Cashflow after these items was $1,742.08. Lofty's live NOI may differ because its Other Expenses/Utilities presentation can include these below-the-line items.

  • Financial detail:

  • Cash Flow Snapshot (2026-07)

  • Monthly Gross Rent: $2,711.93

  • Repairs & Reimbursement: $0.00

  • Other Revenue: $0.00

  • Total Income: $2,711.93

  • Escrowed Taxes & Insurance: -$361.52

  • DAO LLC Admin Fee: -$62.50

  • Property Management Fee: $0.00

  • Other Expenses: -$380.12

  • Total Operating Expenses: -$804.14

  • Net Operating Income (NOI): $1,907.79

  • Capital Expenditures: -$165.71

  • Net Operating Cashflow: $1,742.08

  • Monthly Cash Position (2026-07)

  • Actual July 31 position:

  • Baselane bank cash (currently accessible): $1,252.05

  • July 31 cutoff balance: $181.04

  • Post-close net cash activity: $1,071.01

  • ECO-held 428 Cross St cash: $0.00

  • Recorded unpaid obligations: $750.00

  • Due to ECO Systems LLC — DAO fees: $750.00

  • Spendable Baselane/ECO cash after recorded obligations (before Lofty OR): $0.00

  • ECO Net DAO Funds (spendable cash held by ECO): $0.00

  • Separate from spendable cash:

  • Lofty operating-reserve ledger: -$4,576.32 — a reserve deficit, not cash owed to ECO.

  • DAO A/P — Due to Lofty operating reserve: $4,576.32

  • Accounts Payable to ECO - Pending DAO Governance: $1,211.22

  • Baselane/ECO spendable cash and the Lofty operating-reserve ledger are shown separately; neither should be read as an approved distribution.

  • If anything looks wrong, please DM @earlvanze on Discord or email ecosystemspm@gmail.com.

  • Earl Co

  • ECO Systems LLC

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Share price

$40.00