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300 Hickory Mills Cir
Kent, OH 44240
 Student Housing Conversion Opportunity · Multifamily Property For Sale · 95 Units

Apartment Buildings Ohio Kent 300 Hickory Mills Cir, Kent, OH 44240

INVESTMENT HIGHLIGHTS

  • Genesis Kent III is a 107 unit / 120 Bed community perfectly positioned for a conversion to multi-family.
  • Desired studio, one- and two-bedroom unit mix. Tenant profile is 60% student and 40% conventional.
  • Kent's rental market is over 99%+ occupied for both student housing and multifamily providing a large runway for both occupancy and rate growth.
  • Occupied at 87% it features an excellent unit mix for a conversion to a full market rate community.
  • Student housing and conventional market are 99% occupied and experienced an average 10% rental rate growth YoY.
  • Kent State University enrolled 25,584 students for Fall 2022 and has delivered back-to-back years of first-time, first-year Freshman enrollment.

PROPERTY FACTS

Sale Condition Auction Sale Lot Size 6.35 AC
Type of Ownership Fee Simple Building Size 57,888 SF
No. Units 95 Average Occupancy 84%
Property Type Multifamily No. Stories 1
Property Subtype Apartment Year Built/Renovated 1979/2023
Apartment Style Garden Parking Ratio 3.92/1,000 SF
Building Class C Parcel Numbers
17-004-00-00-036-001
  • 17-004-00-00-036-004
Zoning R-4, Multifamily Resident - Multifamily Dwellings
Sale Condition Auction Sale
Type of Ownership Fee Simple
No. Units 95
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 6.35 AC
Building Size 57,888 SF
Average Occupancy 84%
No. Stories 1
Year Built/Renovated 1979/2023
Parking Ratio 3.92/1,000 SF
Zoning R-4, Multifamily Resident - Multifamily Dwellings
Parcel Numbers
17-004-00-00-036-001
  • 17-004-00-00-036-004

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Storage Space
  • Washer/Dryer
  • Ceiling Fans
  • Kitchen
  • High Speed Internet Access
  • Refrigerator
  • Wi-Fi

SITE AMENITIES

  • 24 Hour Access
  • Laundry Facilities
  • Walking/Biking Trails
  • Maintenance on site
  • Walk-Up
 

  • Listing ID: 27616108

  • Date on Market: 1/27/2023

  • Last Updated:

  • Address: 300 Hickory Mills Cir, Kent, OH 44240

The Kent Multifamily Property at 300 Hickory Mills Cir, Kent, OH 44240 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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The Genesis III

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