ME Commercial is pleased to offer the opportunity to acquire full ownership of a portfolio consisting of 66 Condominiums, currently 97% occupied, within the community of Blisswood Village in Euclid, Ohio, a lakefront, family-oriented suburb of Cleveland. Most of these townhomes have been fully renovated and leased at markedly increased rents, presenting a strong potential return on investment and an exclusive value-add opportunity to grow within this community.
This portfolio sale is via the sale of the current owner entity, which is entitled to continue operating a rental portfolio in this exclusive townhouse community. With the acquisition of this entity, new owners will retain the opportunity to continue purchasing owner-occupied units and expanding the portfolio or to spin off units at retail pricing to owner-occupants, netting a significant yield to reclaim capital.