40 West is located along West 3rd avenue, one block from the intersection of 3rd and N. High St. This strategic location less than one mile from the city center, and in the heart of Short North provides residents with an abundance of shopping, entertainment and employment opportunities. This low-rise community was built in 2015 and outfitted with high-end appointments such as: stainless steel appliances, granite counters, LVT flooring, in-unit washer and dryers (in select units) and a parking garage. Notable for investors is the fact that all utilities at the property are separately metered and the responsibility of the tenant.
The unit breakdown at 40 West provides a diverse mix of studio, one and two-bedroom units ranging from 345 to 1,346 square feet, with the penthouse units including an additional half bath. Rental rates at 40 West range from $799 on the low-end to as high as $2,199 for a two-bedroom, two and one half bath unit. More impressive than these Street Rents is the price-per-square foot that this asset commands, which is $1.54 on the low-end and as high as $2.87 per foot on the high-end.