406 Sumner St - Apartments FOR SALE
Akron, OH 44304 |
406 Sumner St
Akron, OH 44304
HIGHLIGHTS
- Owned and self-managed by out of town partnership
- Strong value-add opportunity featuring 1994 construction steps away from University of Akron and Downtown
- Currently 76.2% occupied despite 95% market occupancy
- Nearly all units renovated with luxury vinyl plank flooring, new white appliances, and bathroom vanities
- University of Akron features nearly 15,000 students & over 1,800 employees while boasting the #1 ranked Polymer Science & Polymer Engineering programs
- 1.5 miles of 3 major hospitals – Summa Health (6,200 employees), Akron Children’s Hospital (5,400) and Cleveland Clinic Akron (4,500)
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
Sumner Point
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
21248
STORIES
3
YEAR BUILT
1994
PARKING SPACES
40
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
68-57663
