184-Unit Highland Square Portfolio

01-18-2023
01-23-2023

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.

Key Portfolio Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
Garden Style
Price
$ 13,000,000
No. of Units
184
Average Occupancy
97
Price per unit
70,652
Opportunity Zone
No
View broker details

41.103113, -81.547317

41.094295, -81.537372

41.102537, -81.547338

41.103478, -81.546761

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