For Sale
$144,900

427 Allyn StAkron, OH 44304

Prime Akron location, 4-bed student rental.

Overview

Added:
Dec 11, 2024
Days on market:
115
This three-story, 1,728 square foot multifamily property at 427 Allyn St., Akron, OH 44304, is a fantastic investment opportunity. Currently configured as a fully occupied, four-bedroom student housing unit, it boasts a lease extending through July 31, 2026, generating a monthly income of $1835. The rent is set to increase to $1900 per month, with a $75 utility cap, starting August 1, 2025. Situated on a 0.212-acre double lot, providing ample parking, this property features central heating and air conditioning, newer vinyl windows, ceiling fans, a dining room, family room, and a large finished attic. Additional amenities include covered front and back porches, and a spacious backyard deck. The property is zoned as a duplex (APN: 68-02049), presenting potential for future expansion or alternative uses. This Class C property offers a compelling combination of immediate income and long-term growth potential, making it an ideal addition to any investment portfolio. The property's proximity to the University of Akron ensures consistent tenant demand. The asking price is $144,900.

Highlights

  • Three-story, 1,728 sq ft multifamily property in Akron, OH.
  • Fully occupied four-bedroom student housing unit with a lease through July 31, 2026.
  • Current monthly income of $1835, increasing to $1900 (plus $75 utility cap) on August 1, 2025.
  • Situated on a 0.21-acre double lot with ample parking, central A/C & heat, newer vinyl windows, and a finished attic.
  • Features include covered porches, a deck, and is zoned as a duplex (APN: 68-02049), offering expansion potential.
  • Asking price: $144,900.

Property Details for 427 Allyn St

Property type
Dormitories, Student housing
Square Feet
1,728 SF
Class
C
Buildings
1
Stories
3
Lot Size (sq. ft)
9,235 SF
Units
1

Location Insight

City
Akron
County
Summit
State
Ohio
Latitude
41.0710402
Longitude
-81.5132392
427 Allyn St, Akron, Ohio

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427 Allyn St
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