This Multifamily Property is For Sale.

653 Allyn
Akron, OH 44311 ·

2 Units · Multifamily For Sale

$55,000

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Allyn Street

Price $55,000 Cap Rate 12.64%
No. Units 2 Gross Rent Multiplier 4.93
Building Size 1,878 SF Occupancy 100%
Price/Unit $27,500 No. Stories 2
Property Type Multifamily Year Built 1889
Property Sub-type Duplex/Triplex/Fourplex APN / Parcel ID 6804166
Property Use Type Investment Parking Ratio 6 / 1,000 SF
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Listing ID: 20431341 Date Created: 07/25/2017 Last Updated: 09/14/2017

Description

Legal duplex 2 bedroom and 1 bath on each floor. Full basement. 1st floor is 950 Usable Square Feet the 2nd floor is 860 square feet. Each unit pays its own electric & gas. 2 years ago we replaced the furnace on 1st floor and the 2nd floor furnace was replaced less than 7 years ago. The roof is about 15 years old. The lot size is large enough to add an additional property.

This property is located just South of Thornton on Allyn Street. It is walking distance to the University of Akron. Most people in this neighborhood are working class families or Junior or higher level UA college students. Leggett Elementary school is 1 block North

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653 Allyn, Akron, OH 44311 (Summit County)

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