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!!
Sold for $110,000 on 03/27/23
$110,000
503 Allyn St, Akron, OH 44311
3beds
1,112sqft
Duplex, Multi Family
Built in 1904
-- sqft lot
$95,000 Zestimate®
$99/sqft
$707 Estimated rent
Home value
$95,000
$72,000 - $124,000
$707/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 26, 2023 at 02:45pm
Listing Provided by:
Justin T Aikens 330-388-2637,
Keller Williams Chervenic Rlty
Bought with:
Robert J Cole Sr., 2016001279
RE/MAX Above & Beyond
Source: MLS Now,MLS#: 4423103
Originating MLS: Akron Cleveland Association of REALTORS
Originating MLS: Akron Cleveland Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Gas
Cooling
- None
Appliances
- Laundry: In Unit
Features
- Has basement: Yes
Interior area
- Total structure area: 1,112
- Total interior livable area: 1,112 sqft
- Finished area above ground: 1,112
- Finished area below ground: 0
Property
Parking
- Parking features: Paved
Features
- Levels: One
- Stories: 1
Lot
- Size: 4,016 sqft
Details
- Additional parcels included: 6842670
- Parcel number: 6818629
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Vinyl Siding
- Roof: Asphalt,Fiberglass
Condition
- Year built: 1904
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Akron
- Subdivision: Voris & Steinbacher Allotment
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 7/25/2024 | Listing removed | -- |
Source: Zillow Rentals | ||
| 6/29/2024 | Listed for rent | $595+9.2%$1/sqft |
Source: Zillow Rentals | ||
| 3/2/2024 | Listing removed | -- |
Source: Zillow Rentals | ||
| 1/5/2024 | Listed for rent | $545 |
Source: Zillow Rentals | ||
| 3/27/2023 | Sold | $110,000-8.3%$99/sqft |
Source:  MLS Now #4423103 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,834 +18.6% | $26,420 |
| 2023 | $1,547 +7.8% | $26,420 +38.3% |
| 2022 | $1,435 -7% | $19,107 |
Find assessor info on the county website
Neighborhood: University of Ohio Akron
Nearby schools
GreatSchools rating
- 4/10Leggett Community Learning CenterGrades: K-5Distance: 0.1 mi
- 5/10Jennings Community Learning CenterGrades: 6-8Distance: 2.5 mi
- 4/10North High SchoolGrades: PK,9-12Distance: 2.6 mi
Schools provided by the listing agent
- District: Akron CSD - 7701
Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$95,000
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With Zillow Showcase(estimated)
$96,900