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548 E Summit St
Kent, OH 44240
 Best in Market KSU Student Housing Location · Multifamily Property For Sale · 42 Units

Apartment Buildings Ohio Kent 548 E Summit St, Kent, OH 44240

INVESTMENT HIGHLIGHTS

  • Genesis Kent II is a 43 unit / 77 Bed student housing community with a best in market location serving 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 Kent II 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 YoY.
  • Offered 93% occupied and is the best located community in the market being steps away KSU and a short three-minute walk to downtown.
  • Kent's rental market is over 99%+ occupied for both student housing and multifamily providing a large runway for both occupancy and rate growth.

PROPERTY FACTS

Sale Condition Auction Sale Lot Size 1.29 AC
Type of Ownership Fee Simple Building Size 35,532 SF
No. Units 42 Average Occupancy 98%
Property Type Multifamily No. Stories 3
Property Subtype Apartment Year Built/Renovated 1965/2023
Apartment Style Low-Rise Parking Ratio 1.46/1,000 SF
Building Class C Parcel Numbers
17-013-10-00-119-000
  • 17-013-10-00-120-000
Zoning R-3, High Density Res - Multifamily Dwellings
Sale Condition Auction Sale
Type of Ownership Fee Simple
No. Units 42
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 1.29 AC
Building Size 35,532 SF
Average Occupancy 98%
No. Stories 3
Year Built/Renovated 1965/2023
Parking Ratio 1.46/1,000 SF
Zoning R-3, High Density Res - Multifamily Dwellings
Parcel Numbers
17-013-10-00-119-000
  • 17-013-10-00-120-000

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Storage Space
  • Kitchen
  • High Speed Internet Access
  • Refrigerator
  • Range
  • Views

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Laundry Facilities
  • Elevator
  • Walk-Up
 

  • Listing ID: 27616119

  • Date on Market: 1/27/2023

  • Last Updated:

  • Address: 548 E Summit St, Kent, OH 44240

The Downtown Kent Multifamily Property at 548 E Summit St, Kent, OH 44240 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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