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Updated 28 days ago on .

User Stats

221
Posts
136
Votes
Thomas Lorini
  • Real Estate Agent
  • Irvine, CA
136
Votes |
221
Posts

Deal Overview – Eaglecrest | 38-Unit Multifamily

Thomas Lorini
  • Real Estate Agent
  • Irvine, CA
Posted

Investment Info:

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

Purchase price: $1,828,000
Cash invested: $700,000

Eaglecrest is a 38-unit building in Bedford, OH, purchased in Oct 2023. It was a stabilized deal with strong cash flow and light value-add potential. We improved operations, updated units as they turned, and tightened expenses. Located in a steady rental market with long-term upside, the property now appraises at $3.1M and continues to perform well in our Cleveland portfolio.

  • Thomas Lorini
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Thomas Lorini at eXp Realty of California
5.0 stars
39 Reviews