324 Unit Multifamily Cleveland OH
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
📍 Cleveland OH
🔒 The exact address and location are confidential and are released only after you sign the NCNDA and the listing broker approves your request.
Got a deal of your own?
Approved off-market listings earn a week of our premium Crezly membership and other perks.
Who finances deals like this
The lenders with the most recorded multifamily mortgages since 2021, from public ACRIS filings.
- JPMORGAN Chase Bank, N.a. — 6,249 loans, typically $85K–$799K
- Citizens Bank NA — 3,374 loans, typically $126K–$660K
- TD Bank NA — 2,670 loans, typically $117K–$500K
- Rocket Mortgage, LLC — 2,561 loans, typically $140K–$528K
- United Wholesale Mortgage, LLC — 2,526 loans, typically $420K–$849K
Crezly connects borrowers and lenders. Crezly is not a loan broker, does not negotiate terms, and receives no compensation contingent on any loan closing.
Underwrite this deal
Pro-forma, debt sizing against real recorded NYC leverage, cash flow, IRR and a sensitivity grid. Free account — no card.
