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Property 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.

Features
: Gas, Forced Air
: Window Unit(s)
: Driveway, Common
Address Map
OH
Summit
Akron
44304
Torrey
298
Street
W82° 29' 12.6''
N41° 4' 17.4''
Property Details
Active
Keller Williams Chervenic Rlty
Justin T Aikens
C2012000353
C88880
6829146
: Asphalt
: Public Sewer
2
: Vinyl Siding, Wood Siding, Aluminum Siding
: Public
$20,568
29/08/2025 19:55:30
No
No
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No

298 Torrey Street, Akron, Ohio 44304

Residential Income For Sale

9 Bathrooms
0.06 Sqft
$1,400,000
Listing ID #5152591
Basic Details
Property Type : Residential Income
Property Sub Type : Quadruplex
Levels : Two
Listing Type : For Sale
Listing ID : 5152591
Price : $1,400,000
Bathrooms : 9
Year Built : 1894
Lot Area : 0.06 Sqft
Agent info
Berkshire Hathaway HomeServices Professional Realty
7466 Auburn Road Suite A, Concord, Ohio 44077
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