427 Allyn St Akron, OH 44304

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.