Vanguard Beachwood luxury apartment rents to reach $2,000

Wow more luxury apartments that will be $2,000 a month in Beachwood Ohio.  The luxury property trend in the Cleveland Metro area is taking hold.  I found this story at by Bob Sandrick, Northeast Ohio Media Group .

This new project will have all the amenities according to this story.

Amenities would include a heated pool, fire pits, a dog park, pet spa, a state-of-the-art exercise center, library, coffee and espresso bar and barbecue cabanas with TVs. Apartments will contain stainless-steel fixtures, washers and dryers, 9-foot-high ceilings, walk-in closets and heated bathroom floors.”

There will be 206 units 50% of them will be 1 bedroom apartments. The project will cost $36 million Dollars. It will be located in Beachwood Ohio.

Langdon said Covington wants more single-bedroom apartments because Vanguard Beachwood would attract young professionals working for new, large companies in the city. He said The Vue, a high-end apartment complex that opened in January on Chagrin Boulevard in Beachwood, has seen single-bed apartments fill faster than other units.”

This is a great sign that the professionals that move here without family will want these types of Luxury Apartments.  Professionals with  families will probably prefer the surround areas that have all the needs they want.  That is where I think investors can build a great luxury income property portfolio. 

Luxury income properties are affordable and can really get you a very consistent income while growing your equity position.

Getting $2,000 dollars for an apartment will only help the rental income in the income luxury home market.  Watch this blog for some great Luxury income property deals that are in the Cleveland metro Area. Brett Young Coldwell Banker  216-703-5740

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About by56083 10 Articles
The founder of Rooftop Profit Max, Brett Young, has been a licensed Realtor and investor for 26 years. He has bought and sold 750 homes, 250 of them for client investors like you. His success is due to several factors: he carefully researches before buying investment property to ensure its profitability; he knows how to rehab homes so their value increases dramatically; and he arranges intelligent financing to make it all happen. In this way, Brett has generated over $6.7 million in profits directly from real estate investing. Brett ensures his investors make money too by personally handling every transaction from start to finish and by promoting only the properties he himself would invest in


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