548 E Summit St - Apartments FOR SALE
Kent, OH 44240 |
NO PHOTO
Off Market
548 E Summit St
Kent, OH 44240
HIGHLIGHTS
- Genesis Kent II is a 43 unit / 77 Bed student housing community with a best in market location serving Kent State University.
- Student housing and conventional market are 99% occupied and experienced an average 10% rental rate growth YoY.
- Kent State University enrolled 25,584 students for Fall 2022 and has delivered back-to-back years of First Time First Year Freshman enrollment.
- Offered 93% occupied and is the best located community in the market being steps away KSU and a short three-minute walk to downtown.
- Genesis Kent II can continue to be rented as student housing or converted to conventional market rate apartments.
- Kent's rental market is over 99%+ occupied for both student housing and multifamily providing a large runway for both occupancy and rate growth.
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
Best in Market KSU Student Housing Location
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
35532
STORIES
3
YEAR BUILT
1965
PARKING SPACES
52
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
17-013-10-00-119-000,17-013-10-00-120-000