200 West Apartments
20201 Lorain Road, Fairview Park, OH, 44126, US
175 units
Asset Description
Jones Lang LaSalle Americas, Inc. (JLL) is pleased to present The Peaks at Water’s Edge (the “Property” or “The Peaks”), a 504-home community located in the beautiful Cuyahoga Falls neighborhood. This 98% occupied community offers a desirable mix of one, two and three bedroom units. Residents of The Peaks enjoy the benefit of living in the quiet, scenic suburb of Cuyahoga Falls while being a close drive away from Downtown Cleveland. Located adjacent to Wyoga Lake, the Property is surrounded by lush grounds and is in close proximity to the Cuyahoga River. Only 35-minutes away from Downtown, The Property boasts close access to prime job opportunities, excellent educational institutions, and incredible dining, shopping, and recreation. This incredible investment opportunity is available free and clear.
Ohio Licensee:
Jon Venderplough
Managing Director
216.937.4376
Ohio License #: SAL.2005015674
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Attributes
Year built
1975
Number of buildings
504
Building area net
39,321 m²
Occupancy
98%
Media
Investment Highlights
Ideal Investment Profile
» 98% Occupancy | 96% Avg. Occupancy over the Last Twelve Months
» $6.4M of Strategic Capital Invested during Ownership through Interior and Exterior Upgrades
» 9% Rent-to-Income Ratio Proves Room to Push Rents
» Desirable Unit Mix of One, Two and Three Bedroom Units
Favorable Submarket Forecast
» Highest Submarket Occupancy in Akron Market at 96.2%*
» Highest Submarket Rent Growth in Akron Market at 3.6%*
» No Properties >50 Units Under Construction within a 5-Mile Radius
» Only 3 Properties > 100 Units Delivered in the Last 5 Years within 5-Mile Radius
**RealPage, North Summit County Submarket
Sought-After Location
» Within Driving Distance of Countless Fortune 1000 Headquarters in Cleveland
» Nearby Multiple Well-Renowned Medical Facilities and Higher Education Institutions
» 10-Minute Drive to Bustling Revitalized Downtown Cuyahoga Falls
» Prime Scenic Location Nearby the Cuyahoga River
Desirable Property Features
» Sought-After Amenities including Swimming Pool, Children’s Playground, and Theatre
» Newly Updated Clubhouse including 24-Hour Fitness Center and Resident Lounge
» Spacious Units featuring Walk-In Closets and Balconies
» Beautiful Views of Lush Cuyahoga Falls
Contact brokers
The Peaks at Waters Edge (0 Properties)
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Last updated
29 May 2025
