220 Chevy, LLC

Investment Description

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Property Details & Business Plan

  • 220 units
  • 20 buildings with 11 Units each
  • Solid “B+” location in Northeast Ohio
  • Located in the Parma suburbs
  • Already 91% Occupied
  • 3-Story Garden-style Apartment Buildings
  • Manufacturing, Auto, Nursing, & Professional Tenants
  • Current Rents are @ $682 per month
  • Market Rents are @ $848 per month
  • Add Dog Park
  • Pave Driveways
  • Turn & Upgrade 190 Units
  • Add Brick Signage at Corner of Chevrolet Blvd and Gabriella Drive
  • Increase Revenue
  • Decrease Expenses

Investment Performance

10.00%
PREFERRED RETURN

Asset Details

220 Chevy, LLC
5531 Chevrolet Blvd, Parma, OH 44130 Map
ASSET TYPE PROPERTY CLASS UNITS STORIES ACQUIRED
Multi-Family B 220 3 04/07/21

Property Features:

  • Full-time In-house leasing
  • Staying from the previous owner
  • 24-hour In-house maintenance
  • Staying from the previous owner
  • 4 Total Staff Staying
  • Staying from the Previous Owner
  • On-site laundry centers in every building
  • Walk to shops, restaurants, and businesses
  • 2 Minutes Drive to Home Depot, Lowes and Walmart, Menards
  • 12 Minutes Drive to Downtown Cleveland
  • Easy Access to Freeways: I-480, I-71, I-77
  • Across the street from Brand New Pitt Ohio Trucking, Chevy Plant, City of Parma Maintenance Dept. and ABF Freight