Investment Highlights
- Owned and self-managed by local company for the past 27+ years; Recent significant capital improvements including new garage roofs, common area carpet, package lockers, and tuckpointing
- Significant value-add opportunity, competing properties achieving $175 to $400 higher rents for renovated units ($760,000+ potential annual premium)
- $350,000+ in loss-to-lease
- Competitive leasing advantage: all two- and three-bedroom units have 1.5 or 2 bathrooms
- Phenomenal freeway visibility from I-271 (112,000+ vehicles per day)
- $112,000 average household income within 3-mile radius
- Surrounded by dozens of national, regional, and local retailers (including Target, Starbucks, Costco, Best Buy, Giant Eagle, Chic-fil-A, Chipotle)
- Walking distance to Cleveland Clinic Hillcrest Hospital (2,000+ employees)
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