HIGHLIGHTS
- Offering Site: https://columbuslofts.sharplaunch.com
- Located in Duck Island, one of Cleveland’s oldest yet most trendy infill neighborhoods situated alongside Ohio City, Tremont, and Downtown Cleveland
- Short walk to the West Side Market and Ohio City’s main nightlife corridor on W 25th Street
- Rents are the lowest in the submarket with current rents $150 below market
- Units feature many 2- and 3-story floorplans, luxury finishes such as granite countertops, stainless steel appliances & custom cabinetry, and w/d
- Property benefits from real estate tax abatement running through 2033
FOR SALE DETAILS
PRICE
$1,875,000 USD
PRICE/SF
$168 USD /SF
# OF UNITS
11
PRICE/UNIT
$170,455
CAP RATE
Request Cap Rate
% LEASED
91%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Columbus Lofts
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1906
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.29 AC
LAND SF
12,632 SF
ZONING
SI
APN/PARCEL ID
004-03-004
ASK ABOUT THIS PROPERTY
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216-264-2048
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216-264-2048
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