6060 FATHER CARUSO DR Cleveland OH 44102-2093

BWE Investment Sales is pleased to announce the exclusive listing of Edison at Gordon Square, a luxury apartment community located in the eclectic and world-class Gordon Square Arts District. Developed, built, and managed by The NRP Group, this contemporary, new apartment community combines upscale urban living with neighborhood charm, rich with nightlife, arts, and culture. Exclusive amenities include a resort-style heated pool, outdoor kitchen and courtyard patio, state-of-the-art fitness center, and breathtaking lakefront views with convenient access to Edgewater Beach.

Conveniently located just a few miles from downtown Cleveland, Edison at Gordon Square is situated in a walkable neighborhood in the heart of Cleveland’s Detroit Shoreway area near a variety of theaters, fine dining, and entertainment. The property has an attractive, in-place assumable loan with a 4.01% rate, but the asset can also be acquired free and clear. Additionally, this opportunity gives the future buyer an opportunity to secure a reliable cashflow stream with the long-term tax abatement and below-market fixed rate debt.

​​​​​​Newly built in 2017, Class-A 306-unit luxury apartment community

Strong occupancy around 98% over the last 5 years

An existing loan is on the property that offers buyers the opportunity to assume a high leverage loan at an interest rate that is over 100bps under current market interest rates

100% tax abatement in place until 2032

Uniquely situated in close proximity to Edgewater Beach, bike and hiking trails, and Metroparks while also conveniently located just 3 miles from downtown Cleveland

Located in the world-class Gordon Square arts district; a retail & dining destination and walkable community in the heart of Cleveland’s Detroit Shoreway neighborhood

Luxurious and upscale amenities including a heated resort-style pool, outdoor living space with courtyard and kitchen, state-of-the-art fitness center, and over 10 acres of urban lakeview living with breathtaking views

Modern and quality apartment finishes, including granite/quartz countertops, LVT wood-look flooring, plush carpeting in bedrooms, brushed nickel finishes, and patio/balcony options

Convenient proximity to I-90 and Route 2 allows for easy access to downtown Cleveland and an abundance of job opportunities