406 Sumner St, Akron, OH 44304
Sumner Point
Akron, OH
Offering Summary
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Address:
406 Sumner St,
Akron, OH 44304
- Units: 42
- Years Built: 1994
- Average Unit Size: +/- 748 sf
- In-Place Average Rent (/sf): $955 ($1.28/sf)
- Occupancy: 76.2%
Investment Highlights
• Owned and self-managed by out of town partnership and being offered for sale on-market for the first time
• Strong value-add opportunity featuring 1994 construction steps away from University of Akron and Downtown
• Currently 76.2% occupied despite 95% market occupancy
• 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)
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