317 Torrey StAkron, OH 44304

This three-unit apartment building, located at 317 Torrey St., Akron, OH 44304, presents a compelling investment opportunity. The property, built in 1893 and classified as Class B, offers a mix of unit sizes: one efficiency, one one-bedroom, and one two-bedroom apartment. The two-bedroom unit recently commanded a monthly rent of $795. Tenants are responsible for their own gas and electricity, with individual meters in place. The owner covers water, trash, and sewer, averaging $95 per month. The building benefits from a convenient location, just one block from E. Exchange Street and the University of Akron, placing it within easy walking distance of numerous restaurants including Arby's, Penn Station, Chipotle, and McDonald's. Ample private parking is available behind the building, situated on a quiet dead-end street. A new furnace was installed in one unit in February 2024. Professional management is currently in place, and detailed lease agreements and rent rolls will be provided upon acceptance of an offer. The property's APN is 6803085. This is a turnkey investment opportunity with strong potential for rental income.