490 Allyn Street
Akron, OH 44304

Great opportunity to buy 3 contiguous properties at University of Akron!! Cash flow and maintenance free!! There are 2 single family homes and a duplex next to each other on Allyn and Bellewood. All 3 properties have been gut renovated- 490 Allyn (2007), 279 Bellewood (2015), 281 Bellewood (2016). The renovations include: new windows, siding, plumbing, electric, HVAC, KraftMaid kitchen cabinetry, appliances, flooring throughout and more. For each property there is on-site parking, a great front porch, in unit laundry and large bedrooms that always make it an easy rent. 490 Allyn- $1975/mo./ $23,700 annually and the tenants pay all utilities. 279 Bellewood- $1540mo./ $18,480 annually and the tenants pay all utilities. 281 Bellewood- $2050mo./ $24,600 annually and the tenants pay all utilities. Total NOI: Rent $66,780, $4845 taxes, $1906 insurance= $60,029!!! 11.77% cap rate! No deferred maintenance, in prime shape, & turnkey condition! Located on the campus bus route and within a few minute walk to campus.