375-377 Cross Street, Akron, OH 44311
Spicer Cross
Akron, OH
Offering Summary
-
Address:
375-377 Cross Street;
459 - 469 Spicer Street,
Akron OH 44311
- Units: 45
- Years Built: 1995 - 2004
- Average Unit Size: +/- 738 sf
- In-Place Average Rent (/sf): $898 ($1.21/sf)
- Occupancy: 82%
Investment Highlights
• Owned and self-managed by out of town partnership
• Strong value-add opportunity featuring 2000’s construction steps away from University of Akron and Downtown
• Currently 82% occupied despite 95% market occupancy
• All units include in-suite washer and dryer connections
• 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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