Caldera on Cleveland Listing Details & Market Data

The Cleveland Road community will consist of 80 luxury townhome/flat-over-flat rental units configured within a park-like setting in a series of 3-, 6- and 7-unit buildings surrounding two central courtyards. A total of five different plan styles will be represented ranging from 1,300 square foot second-floor flat to a 2,322 two-story townhome/rowhome. Each residence will include a high level of standard features/finished including items such as granite or quartz kitchen countertops; stainless steel appliances; functional laundry rooms; in-unit washers/dryers; luxury plank flooring in living areas; upgraded cabinets, fixtures, and lighting; private patios/decks and smart-home technology. In addition, most units will include a standard two-car garage, while others will have the option of either surface parking or an attached two-car garage. Relative to surface parking, between 60 and 65 spaces will be provided on site.The Cleveland Road community will consist of 80 luxury townhome/flat-over-flat rental units configured within a park-like setting in a series of 3-, 6- and 7-unit buildings surrounding two central courtyards. A total of five different plan styles will be represented ranging from 1,300 square foot second-floor flat to a 2,322 two-story townhome/rowhome. Each residence will include a high level of standard features/finished including items such as granite or quartz kitchen countertops; stainless steel appliances; functional laundry rooms; in-unit washers/dryers; luxury plank flooring in living areas; upgraded cabinets, fixtures, and lighting; private patios/decks and smart-home technology. In addition, most units will include a standard two-car garage, while others will have the option of either surface parking or an attached two-car garage. Relative to surface parking, between 60 and 65 spaces will be provided on site. This 80 unity luxury townhome and flat-over-flat rental development in the affluent Granger submarket of South Bend, IN is scheduled for completion in 2023. Ownership is offering the property For Sale and is also seeking parties who may be interested in a joint venture/equity investment partnership. The quality and location of the planned development make it an outstanding investment opportunity. The Granger location is the prime residential market with a variety of restaurants, shopping and entertainment/recreation venues. This location also offers excellent access to amenities and employment opportunities at the University of Notre Dame, South Bend, Mishawaka and Elkhart, Indiana.