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Multifamily

Brick Lofts

Cleveland, OH

189 Units

Built in 1912

Value Add

Investment Highlights

  • Asset Underwent a Conversion in 2003 from the Historic West Tech High School
  • Institutional Owned and Self-Managed by Out-of-State Company Since 2012
  • Prime Renovation Opportunity as Units and Common Areas have Generally Remained Original Over the Past 20-Plus Years
  • Desirable Community Amenity Package
  • 61 Percent of the Units are Spacious Two or Three-Bedroom Floor Plans which Average 1,191 Square Feet
  • Offered Free and Clear or as an Assumption of the Existing Fannie Mae Loan (3.35 Percent Rate)

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