Available for the first time since it’s conversion to residential, the University Lofts offer a premiere value-add opportunity in red hot Downtown West.

Developed by Rise Community Development in 2006, this historic property has been managed by the developer as a LIHTC rent-restricted property for the entirety of it’s life. With on-site ownership, the building has been meticulously maintained and features it’s own private, gated, lighted parking lot with 27 spaces.

The property consists of:

17 One bed -One bath units

9 Two bed - Two bath units

1 2,607 SQ FT commercial space (occupied by owner currently, leaseback to be considered)

1 2,649 SQ FT commercial space (rented MTM to an art gallery)

Rents have not been brought to market rate since the LURA was cleared in 2016 and feature significant upside. The commercial spaces are fully built out and have been well below market rate since inception.