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We are pleased to offer you the opportunity to geographically diversify your portfolio with this new multi-family in the city of Cleveland!
1890 Marloes was built in 1920, and it is well-situated: it’s adjacent to a park with basketball and tennis courts, and sits only 500 feet from WH Kirk Middle School. On the other side is Euclid Ave, a shopping street with a pharmacy and restaurants like McDonald’s and Taco Bell.
Marloes is also close to one of the largest medical centers in the United States: the Cleveland Clinic-Stephanie Tubbs Jones Health Center is only 0.5 miles away, and the main campus is a 15-minute drive. As you might expect, our tenants will be working in these schools and medical centers.
We have budgeted $120,000 to upgrade all the units to Section 8 standards, redo the common areas, and finish the basement unit. This last unit will have a lower rent when it is finished. |