214 N Portage Path Akron, OH 44303
627 W Market St Akron, OH 44303
198 N Portage Path Akron, OH 44303
221 N Portage Path Akron, OH 44303
Portfolio Description
SVN Summit Commercial Advisors is pleased to exclusively offer to qualified investors the opportunity to acquire a 97% occupied 184-unit, stabilized apartment portfolio in the heart of Akron's Highland Square neighborhood just outside the city's CBD. This portfolio is ideal for serious investors looking for immediate scale via a stabilized portfolio with upside potential without significant deferred maintenance.
The portfolio is situated in a 0.75 mile radius (less than a 2 minute drive-time proximity), making the location and unit count appealing to investors looking for economies of scale and operational efficiencies. The portfolio consists of 12 properties - the rental office building and apartment properties ranging from 4 to 45 units. Ten (10) of the units are rented via Airbnb with the majority of guests being visiting nurses and medical professionals. This portfolio is professionally managed, tenants are well vetted and occupancy rates are historically solid.
In addition to this portfolio, a 57-unit value-add package in West Hill and a 35-unit package in West Akron/Highland Square are also available. Please reach out to Nichole or Aaron for more information.