Location

EXECUTIVE SUMMARY:

The Prescott is located along Prescott street, one block from the intersection of Prescott and N. High St. As with it’s sister property, 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 Prescott was built in 2015 and outfitted with high-end appointments such as: stainless steel appliances, granite counters, LTV 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 The Prescott includes a mix of studio, one-bedroom and one-bedroom, bath and a half units ranging from 463 to 1,000 square feet. Rental rates at The Prescott range from $999 on the low-end to as high as $1,999 for a one-bedroom, one and one half bath unit. More impressive than these Street Rents is the price-per-square foot that this asset commands, which is $1.80 on the low-end and as high as $2.32 per foot on the high-end.