456 Allyn, Akron, OH 44304

$280,000
8
BD
4
BA
1,225
SqFt

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Sold Price
$280,000
List Price
$293,900
Status
CLOSED
Days on Market
77
Closing Date
Apr 24, 2024
MLS#
5015751
Subtype
Residential Income
Year Built
1991
Bedrooms
8
Bathrooms
4
Full Baths
4
Living Area
1,225
Acres
0.18
MLS Area Major
Akron

Property Description

Location, Location, Location! This multi-unit comprises of (Two) 4 Bedroom/2 Bathroom apartments located on one of the hottest streets by The University of Akron; only 1 block away from campus! Each unit is currently leased through August of 2024 at a rate of $1,400 per unit; $33,600 annually! The upstairs apartment is leased all the way through August 2025 at $1440/mo and the downstairs apartment is currently being shown to prospective tenants at the same rate and will most probably be leased shortly in this hot location for a total of $34,560 annually. All mechanical systems have been redone, the roof was replaced in 2022, the kitchen was remodeled in the upstairs apartment in 2020, the furnace was replaced in 2016, solid oak doors were installed, and Luxury Vinyl Plank was put down in the kitchens and bathrooms. There is plenty of parking in the large lot behind the building. There is nothing to do on this turnkey money machine but collect the rent!

Additional Information

Taxes
$2,440
Heating
Forced Air, Gas
Air Conditioning
None
Stories
2
Levels
Two
Roof
Asphalt, Fiberglass
Parking Features
Gravel
School District
Akron CSD - 7701

Listing Courtesy of: Justin T Aikens, jaikens@kw.com With Keller Williams Chervenic Rlty

Selling Office: Keller Williams Living.

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