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USAOHAkron298 Torrey St
298/ 300 Torrey | Image 1
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$1,400,000

298 Torrey St, Akron, OH

Real Estate

For Sale

$--,---,---
990
  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size  sqft
Garage No
Taxes $20,568
Days Active 0
Lot Size 
Approx. Age 1894
MLS® Number 5152591

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

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.Show Description
MLS® Number5152591
Laundry Level
Central VacNo
FireplaceNo
Acreage0.0606
Exterior
GarageNo
Approx. Age1894
BasementFull
DrivewayCommon, Driveway
Garage Spaces
HeatForced Air, Gas
A/CWindow Units
Heating Fuel

Extras

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