Location

EXECUTIVE SUMMARY

Ludlow Apartments is a 22-unit complex developed in 1928 and includes a mix of 8 one-bedroom apartments, 11 two-bedroom apartments, 2 three-bedroom apartments, and 1 four-bedroom apartment. Shaker Square offers affordable living with a home-style feel in an upbeat area. The floorplans are all unique with high-end finishings and come with under-building and on-street parking.

Shaker is poised for new ownership with a value-add mentality while entertaining the benefits of a 15-year tax abatement. Taxes are capped at an assessed value of $685,000 until 2036. Ludlow is outfitted with tenant-paid electricity and landlord-paid gas boiler steam heat and water. LL charges $40 RUBS per unit. There are three common laundry facilities on site (one in each building) on the bottom floor.