1494 Stratford Dr - Apartments FOR SALE
Kent, OH 44240 |
NO PHOTO
Off Market
1494 Stratford Dr
Kent, OH 44240
HIGHLIGHTS
- Genesis Kent is a 180 unit / 348 Bed Student Housing Community steps away from Kent State University.
- Student housing and conventional market are 99% occupied and experienced an average 10% rental rate growth since Oct 2021.
- Kent State University enrolled 25,584 students for Fall 2022 and has delivered back-to-back years of First Time First Year Freshman enrollment.
- Currently 90% occupied and offers a large value add opportunity for a future investor through property upgrades.
- Genesis can continue to be rented as student housing or converted to conventional market rate apartments.
- Recently underwent a capital campaign totaling over $3.6 million including new roofs, electric panels, repaving of the parking, and more.
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Value Add Student Housing with Conversion Opp
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
212644
STORIES
2
YEAR BUILT
1966
PARKING SPACES
331
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
17-004-00-00-035-000,17-004-00-00-036-006,17-004-00-00-036-050