Off-Market Offering324 Unit Multifamily Cleveland OH
$41,000,000
Multifamily · 324 units
Asking Price
$41,000,000
Units
324
Asset Type
Multifamily
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
Crezly Admin
Listing contact · Verified on Crezly
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https://www.crezly.com/property/cleveland-oh-736-doors-8-buildings-value/
https://www.crezly.com/property/cleveland-oh-736-doors-8-buildings-value/
Prepared via Crezly Marketplace (crezly.com) from owner/broker-supplied information and NYC public records. Information deemed reliable but not guaranteed; buyers must independently verify. Not an offer, solicitation, or investment advice.