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Multifamily

The Archer

Cleveland, OH

248 Units

Built in 1909

Post Renovated Stabilized

Investment Highlights

  • One block from the new $300M, 36-story Sherwin Williams world headquarters to be completed in 2024
  • Complete renovation in 2015 including high-end community and unit finishes
  • Features the 27 Club - Cleveland's own Machine Gun Kelly's coffee shop and restaurant
  • Rents average just $1.45/sf in a submarket where new product leases for $2.35/sf
  • 7 years remaining of real estate tax abatement based on its 2015 renovation

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