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503 Allyn ST Akron, OH 44311
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Key Details
Sold Price $110,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,112 sqft
Price per Sqft $98
Subdivision Voris & Steinbacher Allotment
MLS Listing ID 4423103
Sold Date 03/27/23
Bedrooms 3
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 1,112
Year Built 1904
Annual Tax Amount $1,631
Lot Size 4,016 Sqft
Acres 0.0922
Property Description
Located in the heart of off campus houses, this a great opportunity to own 8 contiguous parcels as a package of turnkey University of Akron student rentals! The 26 bedroom package consists of 2 duplexes, 3 single family houses and 2 additional single family houses each with 2 kitchens that could easily be converted into duplexes.There is also a large 16 space parking lot.
Annual Income of $119,340, Utilities $7,992, Insurance $3,996, Tax $11,544, Lawn $2,802, Repair $2,493. Net Operating Income $88,053
Currently leased through July 2023; owner is in the process of renewing leases through July 2024.
Fantastic cash flow opportunity!!
Location
State OH
County Summit
Rooms
Ensuite Laundry In Unit
Interior
Laundry Location In Unit
Heating Forced Air, Gas
Cooling None
Fireplace No
Laundry In Unit
Exterior
Garage Paved
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Parking Type Paved
Building
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
Schools
School District Akron Csd - 7701
Others
Tax ID 6818629
Financing Conventional
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Bought with Robert J Cole • RE/MAX Above & Beyond
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