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Real Estate Deal Analysis & Advice

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Jason Yarusi
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  • Investor
  • Murfreesboro, TN
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The Delilah: a 29 unit all-inclusive apartment community

Jason Yarusi
Pro Member
  • Investor
  • Murfreesboro, TN
Posted Apr 26 2023, 10:25

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $5,100,000

A 29-unit all-inclusive apartment community centered in the heart of the highly desirable, walkable, and historic University Circle neighborhood. Newly built in 2022, this fully furnished community features amenities such as in-unit washer and dryers, eat-in kitchens, a 55” Smart TV, luxury vinyl flooring, a rooftop terrace with grills, off street reserved parking, and a car/bike share program.
Conveniently located near a variety of dining and shops, and also just a couple miles away from Case Western Reserve University, Cleveland Clinic and University Hospitals, Mikros on Larchmere is situated in an ideal location on Cleveland’s Eastside.

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Joe S.
Pro Member
  • Investor
  • San Antonio
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Joe S.
Pro Member
  • Investor
  • San Antonio
Replied Apr 26 2023, 11:34
Quote from @Jason Yarusi:

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $5,100,000

A 29-unit all-inclusive apartment community centered in the heart of the highly desirable, walkable, and historic University Circle neighborhood. Newly built in 2022, this fully furnished community features amenities such as in-unit washer and dryers, eat-in kitchens, a 55” Smart TV, luxury vinyl flooring, a rooftop terrace with grills, off street reserved parking, and a car/bike share program.
Conveniently located near a variety of dining and shops, and also just a couple miles away from Case Western Reserve University, Cleveland Clinic and University Hospitals, Mikros on Larchmere is situated in an ideal location on Cleveland’s Eastside.


 Can you share some more details?

Not sure the purpose of the post. Is it to testify of your great fortune? Is it to notify potential investors? Are you trying to gain students for mentorship program? Not exactly sure please elaborate. Did you buy the property personally or did you and your partners with a S at the end of partners buy the property together?

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Shane Kelly
  • Real Estate Agent
  • Cleveland, OH
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Shane Kelly
  • Real Estate Agent
  • Cleveland, OH
Replied Apr 26 2023, 14:57

It's a lovely building in a lovely neighborhood. Well done and I'm excited for you!

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Mike Dymski#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
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Mike Dymski#5 Investor Mindset Contributor
  • Investor
  • Greenville, SC
Replied Apr 26 2023, 16:49

Those are nice.  The rents seem low for the finishes but I don't know anything about the area.  You put that facility where I am building in PHX and the MTR revenue would be double.

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Dmitriy Fomichenko
Tax & Financial Services
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Dmitriy Fomichenko
Tax & Financial Services
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Replied Apr 27 2023, 00:31

Nice @Jason Yarusi