TSB Realty

Euclid3 Apartments

Euclid3 Apartments

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0 Units
0 Beds
Year Built: 0

Case Western Reserve

Cleveland, Ohio

About This Listing

About This Listing

TSB Realty has been engaged by ownership to exclusively market Euclid3 Apartments, a 115-unit, 235-bed purpose-built student housing property located adjacent to Case Western Reserve University in Cleveland, Ohio. Situated within walking distance to an abundance of shops, bars, and restaurants along Euclid Avenue and the main academic buildings on campus, Euclid3 is comprised of three separate buildings between E 115th and 116th Streets delivered in 2017 (new) and 2020 (new & renovated).

Euclid3 features approximately 6k SF of retail space spread across its three buildings. It is also the only purpose-built student housing property in the Case Western market that rents by the bed and includes all utilities. The property is currently 99% occupied and 100% preleased for the upcoming 2022-23 Academic Year. Euclid3 averaged over 99% occupancy annually since inception.

For more information about Euclid3, visit our listing at Real Capital Markets or contact the TSB Realty team directly.

Property Highlights

Property Highlights

• Desirable Location: Euclid3 is located adjacent to Case Western’s campus off Euclid Avenue, the main thoroughfare of the University Circle neighborhood. Each of the three Euclid3 buildings are within a 15-minute walk of every Case Western academic building. Beyond the easy access to Case Western’s impeccably beautiful campus, the neighborhood is home to the densest concentration of Cleveland’s cultural attractions. The Property also provides easy access to local shops, restaurants, grocery stores and all the benefits the University Circle area has to offer.

• Top-Tier University: Case Western Reserve University is the #42 ranked university in the country and the #1 ranked university in Ohio. Moreover, Case Western is the only private institution in the state to be recognized as a R1: Doctoral University – Very High Research Activity by The Carnegie Classification of Institutions of Higher Education. Recently, the university achieved record high enrollment attaining 12,142 students (5.9% YOY growth).

• Luxury Unit Finishes: Units at Euclid3 feature stainless steel energy efficient appliances, granite countertops, wood cabinets, in-unit washer & dryer, wood plank flooring, complimentary utilities including electric, water, sewer, trash and internet, electronic entry, and modern furniture packages with ample closet space.

• Differentiated Product Type: Home to both undergraduate and graduate students, Euclid3 is the only purpose-built student housing property serving Case Western Reserve University students. Offering an all-inclusive experience and a 2:1 bed to unit ratio, students can enjoy Euclid3’s luxury unit finishes while renting below peak market prices.

• Green Standard Tax Abatements: ​​​​​​​The Euclid3 Apartments were built / renovated in accordance with Cleveland’s Green Building Standards and qualified for the Cleveland Residential Tax Abatement program. The program provides a 15-year tax abatement for 100% of the increase in real estate property tax that results from eligible improvements or new construction.

Let's Talk

Let's Talk

Relationships drive what we do at TSB Realty. Call us at (610) 905-1647 or send us a message, and let’s see what our team can do for you.

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