Listed by Marcus & Millichap - Cleveland
Unpriced
Sumner Point
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 31,416
Net Rentable (SqFt) 31,416
Units 42
Occupancy 88%
Year Built 1994
Buildings 1
Stories 3
Acreage 0.740
Multifamily | 42 Units
Investment highlights
• https://sumnerpoint.sharplaunch.com/
• Owned and self-managed by out of town partnership
• Currently 88% occupied despite 95% market occupancy
• Strong value-add opportunity featuring 1994 construction steps away from University of Akron and Downtown
• 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 in the world
• Located within 1.5 miles of three major hospitals – Summa Health (6,200 employees), Akron Children’s Hospital (5,400 employees) and Cleveland Clinic Akron General (4,500 employees)
Listing Contacts
Listed by Marcus & Millichap - Cleveland
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