NOT LISTED FOR SALE

503 Allyn St Akron, OH 44311

Downtown Akron Neighborhood

Estimated Value: $97,000 - $106,000

3 Beds
2 Baths
1,112 Sq Ft
$91/Sq Ft Est. Value

Last Sold March 27, 2023

Last sale price $110,000 $99 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $653/month

74 Days on Market

Highlights

  • Forced Air Heating System
  • 1-Story Property
  • 2-minute walk to Boss Park

About This Home

As of March 2023

Located in the heart of off campus houses, this a great opportunity to own 8 contiguous parcels as a package of turnkey University of Akron student rentals! The 26 bedroom package consists of 2 duplexes, 3 single family houses and 2 additional single family houses each with 2 kitchens that could easily be converted into duplexes.There is also a large 16 space parking lot.

Annual Income of $119,340, Utilities $7,992, Insurance $3,996, Tax $11,544, Lawn $2,802, Repair $2,493. Net Operating Income $88,053

Currently leased through July 2023; owner is in the process of renewing leases through July 2024.

Fantastic cash flow opportunity!!

Last Agent to Sell the Property

Justin Aikens

Keller Williams Chervenic Rlty License #2012000353 Listed on: 11/18/2022

Keller Williams Chervenic Rlty

Last Buyer's Agent

Robert Cole

RE/MAX Above & Beyond License #2016001279

RE/MAX Above & Beyond

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,631

Year Built

  • Built in 1904

Lot Details

  • 4,016 Sq Ft Lot

Home Design

  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,112 Sq Ft Home
  • 1-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 2 Units
  • Voris & Steinbacher Allotment Community

Listing and Financial Details

  • Assessor Parcel Number 6818629

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,631

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • Price Per Square Foot: 98.92
  • Estimated Price per Sq Ft: 98.92
  • Year Built Exception: Actual YBT
  • Num Of Stories: 1.00
  • Total Sq Ft: 1112
  • Year Built: 1904
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1904

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Laundry: 1
  • Sq Ft Approx Above Grade Finished: 1112.00
  • Sq Ft Approx Total Finished: 1112.00

Exterior Features

  • Exterior: Vinyl
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved

Utilities

  • LaundryFeatures: In Unit
  • Heating Fuel: Gas
  • Heating Type: Forced Air
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: Voris & Steinbacher Allotment

Schools

  • School District: Akron CSD

Lot Info

  • Additional Assessor Parcel Number 1: 6842670
  • Lot Size Units: Acres
  • Acres: 0.0922
  • Parcel Number: 6818629

Multi Family

  • Num Of Buildings: 1
  • Number of Units: 2

Tax Info

  • Tax: 1631

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2022
Closed on
Mar 27, 2023
Sold by
Roo Town Rentals Llc
Bought by
Inkwell Investments Llc
Seller's Agent
Justin Aikens
Keller Williams Chervenic Rlty
Buyer's Agent
Robert Cole
RE/MAX Above & Beyond
List Price
$119,900
Sold Price
$110,000
Premium/Discount to List
-$9,900
-8.26%
Views
26
Current Estimated Value
$101,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,000
Avg. Annual Appreciation
-2.96%
Original Mortgage
$88,000
Outstanding Balance
$85,332
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$15,668

Purchase Details

Listed on
Nov 18, 2022
Closed on
Mar 14, 2023
Sold by
Roo Town Rentals Llc
Bought by
Inkwell Investments Llc
Seller's Agent
Justin Aikens
Keller Williams Chervenic Rlty
Buyer's Agent
Robert Cole
RE/MAX Above & Beyond
List Price
$119,900
Sold Price
$110,000
Premium/Discount to List
-$9,900
-8.26%
Views
26

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Outstanding Balance
$85,332
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$15,668

Purchase Details

Closed on
Dec 18, 2013
Sold by
Campus Park Properties Llc
Bought by
Roo Town Rentals Llc

Purchase Details

Closed on
Mar 16, 2006
Sold by
Campus Park Properties Llc
Bought by
Mccabe Donald L and Mccabe Kathleen A

Purchase Details

Closed on
Jun 29, 2005
Sold by
Spicertown Llc
Bought by
Campus Park Properties Llc

Purchase Details

Closed on
Nov 29, 2004
Sold by
Triad Investments Ltd
Bought by
Spicertown Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
5.9%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Inkwell Investments Llc $1,105,200 --
Inkwell Investments Llc $1,105,200 None Listed On Document
Roo Town Rentals Llc $37,186 None Available
Mccabe Donald L -- None Available
Campus Park Properties Llc $40,000 First American Title Ins Co
Spicertown Llc -- Landamerica Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Inkwell Investments Llc $88,000
Closed Inkwell Investments Llc $88,000
Previous Owner Spicertown Llc $183,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2023 03/27/23 Sold $110,000 0.0% $99 / Sq Ft
01/31/2023 01/31/23 Off Market $110,000 -- --
01/31/2023 01/31/23 Pending -- -- --
11/18/2022 11/18/22 For Sale $119,900 -- $108 / Sq Ft
Source: MLS Now

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,547 $26,415 $5,698 $20,717
2024 $1,547 $26,415 $5,698 $20,717
2023 $1,547 $26,415 $5,698 $20,717
2022 $1,435 $19,107 $3,773 $15,334
2021 $1,542 $19,107 $3,773 $15,334
2020 $1,523 $19,100 $3,770 $15,330
2019 $1,252 $13,620 $3,770 $9,850
2018 $1,239 $13,620 $3,770 $9,850
2017 $1,024 $13,620 $3,770 $9,850
2016 $1,024 $11,900 $3,770 $8,130
2015 $1,024 $11,900 $3,770 $8,130
2014 $1,017 $11,900 $3,770 $8,130
2013 $1,001 $11,930 $3,770 $8,160
Source: Public Records

Agents Affiliated with this Home

  • Justin Aikens

    Seller's Agent in 2023

    Justin Aikens

    Keller Williams Chervenic Rlty

    (330) 388-2637

    56 in this area

    427 Total Sales

    Justin Aikens
    Section Image
  • Robert Cole

    Buyer's Agent in 2023

    Robert Cole

    RE/MAX

    (440) 241-5221

    9 in this area

    277 Total Sales

    Robert Cole
    Section Image
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Map

Source: MLS Now

MLS Number: 4423103

MLS Now

APN: 68-18629

Ohio Summit County Akron 44304 Downtown Akron

503 Allyn St, Akron, OH

Not Listed for Sale

MultiFamily

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