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
Sold for $510,000 on 08/15/23
$510,000
490 Allyn St, Akron, OH 44304
14beds
4,750sqft
Triplex, Multi Family
Built in 1904
-- sqft lot
$136,100 Zestimate®
$107/sqft
$1,210 Estimated rent
Home value
$136,100
$116,000 - $158,000
$1,210/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 26, 2023 at 03:00pm
Listing Provided by:
Justin T Aikens (330)686-1644stowoffice@chervenicrealty.com,
Keller Williams Chervenic Rlty
Bought with:
Robert J Cole Sr., 2016001279
RE/MAX Above & Beyond
Source: MLS Now,MLS#: 4464795
Originating MLS: Akron Cleveland Association of REALTORS
Originating MLS: Akron Cleveland Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Forced Air, Gas
Cooling
- Central Air
Appliances
- Included: Dryer, Dishwasher, Range, Refrigerator, Washer
- Laundry: Common Area
Features
- Basement: Full,Unfinished
Interior area
- Total structure area: 4,750
- Total interior livable area: 4,750 sqft
- Finished area above ground: 4,750
Property
Parking
- Parking features: No Garage, Paved, Unpaved
Features
- Levels: Two
- Stories: 2
Lot
- Size: 3,876 sqft
Details
- Additional parcels included: 6709442, 6846501
- Parcel number: 6844925
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Vinyl Siding
- Roof: Asphalt,Fiberglass
Condition
- Year built: 1904
Utilities & green energy
- Water: Public
Community & neighborhood
Location
- Region: Akron
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 7/28/2024 | Listing removed | -- |
Source: Zillow Rentals | ||
| 7/23/2024 | Listed for rent | $1,750 |
Source: Zillow Rentals | ||
| 7/11/2024 | Listing removed | -- |
Source: Zillow Rentals | ||
| 5/2/2024 | Price change | $1,750-11.4% |
Source: Zillow Rentals | ||
| 3/25/2024 | Listed for rent | $1,975 |
Source: Zillow Rentals | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,250 +10.7% | $33,060 |
| 2023 | $2,034 +17% | $33,060 +39.5% |
| 2022 | $1,738 -0.1% | $23,699 |
Find assessor info on the county website
Neighborhood: University of Ohio Akron
Nearby schools
GreatSchools rating
- 4/10Leggett Community Learning CenterGrades: K-5Distance: 0.2 mi
- 5/10Jennings Community Learning CenterGrades: 6-8Distance: 2.4 mi
- 4/10North High SchoolGrades: PK,9-12Distance: 2.6 mi
Schools provided by the listing agent
- District: Akron CSD - 7701
Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$136,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$136,100