216-264-2048
406 Sumner St, Akron, OH for Sale
Apartments - FOR SALE
1/6
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406 Sumner St
Akron, OH 44304
Downtown Akron


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 88% occupied despite 95% market occupancy
  • Nearly all units renovated with luxury vinyl plank flooring, new white appliances, and bathroom vanities
  • U of Akron features nearly 15,000 students & 1,800+ employees with the #1 ranked Polymer Science & Polymer Engineering programs
  • 1.5 miles from 3 major hospitals – Summa Health (6,200 employees), Akron Children’s Hospital (5,400) and Cleveland Clinic Akron (4,500)

FOR SALE DETAILS

PRICE

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# OF UNITS

42

CAP RATE

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% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sumner Point

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1994

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,265 SF

ZONING

C

APN/PARCEL ID

68-57663

ASK ABOUT THIS PROPERTY

Michael BarronInstitutional Property AdvisorsMore Info
216-264-2048

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Michael BarronInstitutional Property AdvisorsMore Info
216-264-2048

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.