The seller just received confirmation that they are eligible to apply for Opportunity Zone (OZ) funding, which can be applied toward the overall construction costs. They intend to apply for a total of $426,555.00. And they have already engaged a firm to handle all the necessary legal work and paperwork for this funding. MODERN LIVING IN DUCK ISLAND 21-Unit Boutique Apartment Development Opportunity PROJECT FOR SALE This offering presents a rare opportunity to acquire a fully entitled multifamily development in one of Cleveland’s most desirable neighborhoods. The project is currently unfinished. Prime Location: Duck Island Situated on a 1-acre site between Tremont and Ohio City, the development is located in an Opportunity Zone and benefits from a grandfathered 100% tax abatement under pre-2024 City of Cleveland regulations. Investment Highlights Rare infill site in a high-demand rental market Strong long-term tax advantages Modern boutique design with efficient 1BR layouts Walkable to dining, entertainment, and transit