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298 Torrey Street, Akron, OH 44304

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For Sale

$1,400,000

9 beds • 9 baths

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

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.
MLS# 5152591

Courtesy Of Chervenic Realty Inc

(330) 686-1644

Property Features

  • Age
    Over 50 Years Old
  • Heating System
    Forced Air
  • Lot Size
    0.06 Acres
  • Roof Type
    Asphalt
  • Rooms
    Basement

Map and Directions

Directions to 298 Torrey Street, Akron, OH 44304

Home seller CENTURY 21 Transcendent Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Transcendent Realty

(330) 241-5370
Learn More About Us

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Monthly Payment Breakdown

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  • Hazard Insurance
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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