INVESTMENT OPPORTUNITIES
INVESTMENT OPPORTUNITIES
Our investors earn double digit returns
Mentor, Ohio
Mentor is a thriving town of more than 50,000 residents.
Mentor was rated #68 in CNN Money’s 2007 list of best places in live in the United States.
The city is a major center of retail stores and restaurants in the Greater Cleveland area, the seventh-largest in Ohio as of 2010. US 20 (Mentor Avenue) is the major retail center, which includes the Great Lakes Mall, with additional shopping and strip malls found along most major roads. Convenient Food Mart is based in Mentor.
The Mentor Park System maintains more than 20 facilities, including Mentor Lagoons Nature Preserve & Marina, a skate park, Mentor Beach Park, and Black Brook Golf Course. Other facilities include hiking and biking trails, picnic facilities, a dog park, a ball diamond, several playgrounds, and an outdoor pool.
Investment Snapshot
Purchase Price $4,875,000
Closing Costs + Capital to close $2,000,000 +/-
Total Cap Ex Budget $400,000 +/-
Number of Units: 48
Current Occupancy: 100%
Investor Capital return: 24-48 months
The Story of this Asset
The seller is an owner operator who wishes to retire.
The seller has not injected any capital into the property in years.
Owner’s original basis allowed neglect and below market rents with little to no interest in improving the asset.
Asset is currently underperforming by approx. 40%
Why We Love This Deal
Why We Love This Deal
Neglected asset located in a Class A neighborhood
Large townhomes with new roofs, brick facades
Neighborhood home values are between $200,000-$300,000
Rents are far below market
$2.5-$3 million value add opportunity plus cash flow
4 miles from the lake, great commuter location
Near top schools including Mentor High School
Disclaimer:
The information provided on this website is for informational purposes only and does not constitute an offer or solicitation to sell securities. Investment opportunities discussed herein are open only to accredited and/or qualified investors as defined by applicable securities laws. Past performance is not indicative of future results. Investments in real estate involve risks, including but not limited to market fluctuations, tenant vacancies, and economic conditions. There can be no assurance that investment objectives will be achieved or that investors will receive any return on their investment. Prospective investors should consult with their financial, tax, and legal advisors before making any investment decisions.