This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
This Multifamily Property is no longer advertised on LoopNet.ca.
1494 Stratford Dr
Kent, OH 44240
Value Add Student Housing with Conversion Opp · Multifamily Property For Sale · 180 Units
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 Conditions | Auction Sale | Lot Size | 23.40 AC |
| No. Units | 180 | Building Size | 212,644 SF |
| Property Type | Multifamily | Average Occupancy | 71% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1966/2023 |
| Building Class | B | Parking Ratio | 1.56/1,000 SF |
| Sale Conditions | Auction Sale |
| 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 | 71% |
| No. Stories | 2 |
| Year Built/Renovated | 1966/2023 |
| Parking Ratio | 1.56/1,000 SF |
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
PROPERTY TAXES
| Parcel Numbers |
Multiple
|
Improvements Assessment | $5,288,312 |
| Land Assessment | $514,747 | Total Assessment | $5,803,059 |
PROPERTY TAXES
Parcel Numbers
Multiple
- 17-004-00-00-035-000
- 17-004-00-00-036-006
- 17-004-00-00-036-050
Land Assessment
$514,747
Improvements Assessment
$5,288,312
Total Assessment
$5,803,059
zoning
| Zoning Code | R-4, Multifamily Resident (Multifamily Dwellings) |
| R-4, Multifamily Resident (Multifamily Dwellings) |
Listing ID: 27616493
Date on Market: 2023-01-27
Last Updated:
Address: 1494 Stratford Dr, Kent, OH 44240
The Multifamily Property at 1494 Stratford Dr, Kent, OH 44240 is no longer being advertised on LoopNet.ca. Contact the broker for information on availability.
Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS
Nearby Listings
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1/2
Thank you for your feedback.
Please Share Your Feedback
We welcome any feedback on how we can improve LoopNet to better serve your needs.X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.