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Multifamily

Arbor Court

Mayfield Heights, OH

300 Units

Built in 1963

Value Add

Investment Highlights

  • Owned and self-managed by local family since 2012
  • Well-maintained community with continued capital improvements
  • 76% two- and three-bedroom floor plans
  • Substantial upside through unit renovation program ($300+ premium based on recently upgraded units and signed leases)
  • $225,000+ in loss-to-lease
  • Direct visibility from I-271 (100,000+ vehicles per day)
  • One of the densest employment corridors in Northeast Ohio; walking distance to Cleveland Clinic Hillcrest Hospital (2,300+ employees)
  • Submarket is home to more than 2.4M SF of office/industrial space as well as 1.5M SF of retail

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