430 Sumner 389-417 Sherman 530 Kling 389 Cross Akron, OH 44311

Listing agency Hayes Realty

Listed by Brad Hayes · License #OH 2013000174

Source Crexi

Added: Apr 11 Updated: Jul 20 at 8:03PM Checked: Jul 21 at 5:19AM

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Investment Insights

Based on property information with market context.

This offering is a stabilized 60-unit apartment portfolio in Akron, consisting of six separate buildings. The property is currently managed by professional property management and is reported to be 95% occupied. Some units have been updated with LVP flooring and new fixtures, and two of the six buildings have brand new roofs. The current operation includes an aggressive renewal and rent increase strategy, with tenant mix described as having shifted from primarily students to market-rate tenants.

The portfolio is described as being close to multiple shopping centers and parks, with walking distance to Akron University. East freeway access is also noted as a factor in tenant appeal.

Please contact the broker for additional details on the portfolio’s current operations and unit configuration.

Key Highlights

• 60‑unit Akron apartment portfolio across six buildings with professional property management in place
• Currently 95% occupied with an aggressive renewal/rent increase strategy in place
• Some units updated with LVP floors and new fixtures

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FAQs

What type of property is this?

Apartment building - Stabilized 60-unit Akron apartment portfolio across six buildings with professional management and partial interior updates.

Where is this apartment building located?

The property is located at 430 Sumner 389-417 Sherman 530 Kling 389 Cross Akron, OH.

What are key features of this property?

This property features: 60‑unit Akron apartment portfolio across six buildings with professional property management in place; Currently 95% occupied with an aggressive renewal/rent increase strategy in place; Some units updated with LVP floors and new fixtures