Property
Beds
9
Full Baths
9
1/2 Baths
None
Year Built
1894
Sq.Footage
N/A
Great investment opportunity at University Akron in a PRIME LOCATION!! The package is 10 properties (1 four unit- 2 bed 1 bath each, 4 duplexes, and 5 single family) all located on Torrey St, one block from E. Exchange behind The Edge building, a 5 minute walk to the center of campus. All of the properties have new roofs in 2020, vinyl windows, updated electric (no knob and tube), updated plumbing (no galvanized), newer flooring, light fixtures, and have recently been leased for the 25-26 school year, with all leases expiring at the end of July 2026. The location and condition makes leasing much easier than most other options. The properties have a combined 49 bedrooms and 21 bathrooms. Annual gross rents $207,240, Utilities (landlord pays utilities except internet) $49,368, Insurance $10,632, Property Taxes $20,568, NOI $126,672- 9% Cap Rate. There is opportunity to add value through leasing additional bedrooms, changing to section 8 tenants, and not paying utilities on the next round of leasing.
Features & Amenities
Interior
- 
    Total Bedrooms 9 
- 
    Bathrooms 9 
- 
    Basement YN YES 
- 
    Cooling YN YES 
- 
    Cooling Window Unit(s) 
- 
    Heating YN YES 
- 
    Heating Natural Gas, Forced Air 
- 
    Pet friendly N/A 
Exterior
- 
    Garage No 
- 
    Construction Materials Aluminum Siding, Vinyl Siding, Wood Siding 
- 
    Parking Common, Driveway 
- 
    Pool No 
- 
    Waterfront YN NO 
Area & Lot
- 
    Lot Size(acres) 0.0606 
- 
    Property Type Residential Income 
- 
    Property Sub Type Quadruplex 
Price
- 
    Sales Price $1,400,000 
- 
    Tax Amount 20568.0 
- 
    Sq. Footage N/A 
- 
    Price/SqFt N/A 
HOA
- 
    Association No 
School District
- 
    Elementary School Akron CSD - 7701 
- 
    Middle School N/A 
- 
    High School N/A 
Property Features
- 
    Stories 2 
- 
    Sewer Public Sewer 
- 
    Water Source Public 
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Location
County
Summit
Elementary School
Akron CSD - 7701
Middle School
High School
Listing Courtesy of Justin T Aikens , Keller Williams Chervenic Rlty
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KeithVanke
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