Off-Market Deal
Price$41,000,000
Investment Highlights
Cleveland OH 736 doors 8 buildings value add workforce housing. Over the last 10 years owner spent $13m in renovations with 324 units re done (44%) 412 units in original condition. Mix of 1/2/3br 60% occupied due to bad mgmt with upside in increased rents. 3% mortgage might be able to assume. $4.5m pro forma NOI on full occupancy Normal sale owner asking $41m (56.5k ppd) negotiable
Location
📍 Off-market — general area withheld
🔒 The exact address and location are confidential and are released only after you sign the NCNDA and the listing broker approves your request.