Maplewood

Highlights

• $28,000 of organic revenue growth by increasing rents to market rate $1,056 in-place average rent vs. $1,150 market
• 10-15 minutes from 3 major hospitals University Hospitals Ahuja Center, Cleveland Clinic Marymount Hospital, and Cleveland Clinic South Pointe Hospital
• 15-20 minutes from 3 Fortune 500 Headquarters Progressive Insurance, Eaton Corporation, and Parker Hannifin
• All units are 2 bedrooms, featuring full-size in-suite washer and dryer
• Ample parking 1 garage space and 1 surface spot per unit
• Extremely well-maintained asset with minimal deferred maintenance
• Owned and third-party managed by the same original development group for the past 40+ years
• Priced at 7.25% in-place, tax adjusted cap rate on in-place operations
• Strong historical occupancy; currently 100% occupied

Location