Apartments For Sale • 82,620 SF
| Projected Cap Rate at 90% Occupancy with a $40,000 per Suite Renovation is 12.25%. |
| Possible Tax Abatement, Low Income Housing Tax Credits (LIHTC), Historic Tax Renovation Credits and other programs could be available |
| Overlooks Lake Erie and is located near the prestigious Village of Bratenahl |
| Comparables reflect similar finished, renovated properties transferring at $70,000+ per unit |
| Property is Vacant and offers a quick start of renovation |
| Great Value-added opportunity |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Cleveland Lakefront Station (Blue Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid), Green Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid)) | 15 min | - | 7.8 mi |
| Airport | Drive | Walk | Distance |
| Cleveland-Hopkins International | 33 min | - | 21.3 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 44 |
| Type: | Surface |
| Included in Rent: | Yes |