Cardinal Park Apartments
You are invited to join Fair Winds Capital Investments in purchasing this 57-unit, garden-style apartment community in Mentor, Ohio
Cardinal Park Apartments is a 57-unit, well-located garden-style property at Mentor Avenue in Ohio. It is a 506(c) offering only for accredited investors.
Mentor, Ohio is a suburb northeast of the city of Cleveland and located on the south shore of Lake Erie. Mentor is the largest city in Lake County, Ohio. Lake County is one of the five counties within the Cleveland MSA or “Greater Cleveland”. Greater Cleveland has the 34th most populous MSA in the United States.
Over 1,700 companies and more than 59,000 employees call Mentor home. Mentor has 10 industrial parks, which house a diverse range of industries and over 3,200 acres zoned for manufacturing use. The nearby deep-water Port of Cleveland handles over 200 ships carrying 13 million tons of cargo annually. Top employers in Mentor include The Rogers Company, Steris PLC, Royal Plastics, Polychem and Air Power Dynamics. Mentor employs over 1,800 workers in the aerospace industry. In addition The Cleveland Clinic, University Hospitals and Metro Health Systems employ a staggering 55,747 people.
Not only is manufacturing booming in Mentor, but the city is the 6th largest in retail sales volume in Ohio with $1.5 Billion in retail sales annually. There are over 325 retailers and 170 eateries in the suburb, which has a 95.5% retail occupancy rate.
The project enjoys excellent location with seamless connectivity and civic amenities have made it the highly sought after destination in the city. Located in close proximity to employer centers, the demand for apartments in this locality remain vibrant. The area offers easy access to public transport, schools, healthcare centers, shopping malls and other amenities making it an ideal place for home buyers.
The well-developed infrastructure of the locality allows commuters to travel easily from one part of the city to another without any hassles. It also provides residents a wide range of leisure activities like parks, sports arenas and entertainment complexes making living comfortable and convenient.
The area is also surrounded by several reputed educational institutions which makes it attractive for students and working professionals looking for accommodation near their workplace or college campus.
Internal Rate of Return
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Multifamily real estate investing come with their fair share of tax breaks and it can save thousands of dollars for you in taxes every year.
Here are some of the most common types of benefits:
- Real Estate Depreciation Tax
- Real Estate Investment Tax Deductions
- 1031 Exchange Tax Benefits
- Passive Income Tax Benefits
Why Invest With FWCI?
- 768 units under management
- $100 mn valuation
- 125 units full cycle
- 9 active syndication sponsorships
- 55% historic full cycle AAR
We anticipate this deal to fund quickly – all commitments will be taken on a first-come, first-serve basis.
Click here to soft reserve your investment.
If you haven’t yet signed-up with us or wish to share this opportunity with family and friends, please register at https://fwcinvestments.com/contact/ for further information.