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1901 Courtland Dr
Kent, OH 44240
 Value Add Student Housing with Conversion Opp · Multifamily Property For Sale · 180 Units

Apartment Buildings Ohio Kent 1901 Courtland Dr, Kent, OH 44240

INVESTMENT HIGHLIGHTS

  • Genesis Kent is a 180 unit / 348 Bed Student Housing Community steps away from Kent State University.
  • Kent State University enrolled 25,584 students for Fall 2022 and has delivered back-to-back years of First Time First Year Freshman enrollment.
  • Genesis can continue to be rented as student housing or converted to conventional market rate apartments.
  • Student housing and conventional market are 99% occupied and experienced an average 10% rental rate growth since Oct 2021.
  • Currently 90% occupied and offers a large value add opportunity for a future investor through property upgrades.
  • Recently underwent a capital campaign totaling over $3.6 million including new roofs, electric panels, repaving of the parking, and more.

PROPERTY FACTS

Sale Condition Auction Sale Lot Size 23.40 AC
Type of Ownership Fee Simple Building Size 212,644 SF
No. Units 180 Average Occupancy 91%
Property Type Multifamily No. Stories 2
Property Subtype Apartment Year Built/Renovated 1966/2023
Apartment Style Garden Parking Ratio 1.56/1,000 SF
Building Class B Parcel Numbers
17-004-00-00-035-000
  • 17-004-00-00-036-006
  • 17-004-00-00-036-050
Zoning R-4, Multifamily Resident - Multifamily Dwellings
Sale Condition Auction Sale
Type of Ownership Fee Simple
No. Units 180
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 23.40 AC
Building Size 212,644 SF
Average Occupancy 91%
No. Stories 2
Year Built/Renovated 1966/2023
Parking Ratio 1.56/1,000 SF
Zoning R-4, Multifamily Resident - Multifamily Dwellings
Parcel Numbers
17-004-00-00-035-000
  • 17-004-00-00-036-006
  • 17-004-00-00-036-050

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Storage Space
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Kitchen
  • High Speed Internet Access
  • Refrigerator
  • Range
  • Tub/Shower
  • Wi-Fi
  • Attic

SITE AMENITIES

  • 24 Hour Access
  • Fitness Center
  • Property Manager on Site
  • Pet Play Area
  • Walk-Up
 

  • Listing ID: 27616493

  • Date on Market: 1/27/2023

  • Last Updated:

  • Address: 1901 Courtland Dr, Kent, OH 44240

The Kent Multifamily Property at 1901 Courtland Dr, Kent, OH 44240 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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