SPONSOR: Sesa Properties, LLP (operating as 13328 Emily St LLC)
PROJECT DESCRIPTION: Emily St is a 7-unit multi-family property located in East Cleveland, OH. The property was acquired by our company direct-to seller (off-market) after 13+ months of communication with the seller.
This project was a true value-add opportunity. We raised the under-market rents and stabilized the property while making minimal repairs needed to reduce expenses. It was sold within 6 months of purchase for a considerable gain.
COMPLETION YEAR: 2021
STATUS: Completed & Sold
PROJECT METRICS:
ROI: 65%
HOLD: <6 mos
INVESTMENT OPPORTUNITY?: Contact us for more information.