Greenstone Partners, as Exclusive Investment Advisor, is pleased to present the opportunity to acquire the 100% fee-simple interest in 2419 W. Erie Street (the “Property”), a nine-unit, newer-construction elevator building prominently situated at the corner of Western Avenue and Erie Street. Originally delivered in 2008 as luxury condominiums, the Property has since been deconverted and repositioned as a high-end multifamily rental asset.
The Property features nine (9) three-bedroom, two-and-a-half-bath units with open floor plans. All utilities are separately metered and paid directly by tenants, reducing operating costs. Residences are finished with hardwood flooring, gas fireplaces, private balconies, in-unit laundry facilities, and marble baths featuring Jacuzzi tubs. Kitchens are equipped with quartz countertops, stainless steel appliances, and dishwashers. Residents also benefit from access to a shared rooftop deck and heated garage parking.
Building systems include copper plumbing, high-performance windows, individual furnaces with central air conditioning, separate hot water heaters, and separately metered electric. The Property also features a newer flat roof and elevator. Additional amenities include dedicated outdoor balconies for all units, a rooftop deck, and 22 heated garage spaces, which provide an additional source of income.
With spacious layouts, durable finishes, and below-market rents, the Property offers investors significant upside through rent growth. Supported by strong neighborhood demand, light operating expenses, and minimal capital requirements, 2419 W. Erie Street represents a compelling opportunity for long-term stability and value creation.
⦿ HIGHLY DESIRABLE SMITH PARK LOCATION
⦿ NEWER CONSTRUCTION APARTMENTS
⦿ OVERSIZED THREE-BEDROOM / TWO-AND-A-HALF-BATH LAYOUTS
⦿ EXCEPTIONAL ACCESS TO PUBLIC TRANSIT
⦿ STRONG DEMOGRAPHICS