2097 Columbus Road, Cleveland, OH 44113
Columbus Lofts
Cleveland, OH
Building
Offering Summary
- Address: 2097 Columbus Rd, Cleveland, OH 44113
- Units: 11
- Year Built / Converted: 1906 / 2017
- Average Unit Size: +/- 1,017 SF
- In-Place Average Rent ($/sf): $1,413 / ($1.39)
- Occupancy: 90.9%
Investment Highlights
• Exceptionally well located at the junction of Ohio City and Tremont and directly adjacent to the Velvet Tango Room
• Walking distance to the West Side Market, W 25th Street’s dining and entertainment district, and Cleveland Clinic Lutheran Hospital
• Lowest rents among direct competitors in the submarket
• Real Estate Tax Abatement in effect through 2033
• Attractive non-recourse debt via Freddie Mac able to be assumed with $1,630,000+ remaining balance
• Highly desirable units featuring many 2- and 3-story floorplans, luxury finishes, and in-suite laundry
• Dedicated off-street parking for residents
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