Free Post real estate underwriting Superior 24 Underwriting & Deal Memo (Closing Date: 4/1/2025) Massive Cleveland Heights 24 unit building is selling for $1.6m. They claim it's stabilized, but the neighborhood is rough. Profit pending what the financials look like, which were obfuscated.
Free Post real estate underwriting Lowell Arcade Underwriting & Deal Memo (Closing Date: 3/28/2025) Beautiful turnkey property in downtown Lowell, MA for sale. 51 units fully leased, close to market rents. Not sure what the value add would be on this deal (if any.) Assumable low interest rate at 2.53%.
Free Post real estate underwriting Noble Villa Underwriting & Deal Memo (Closing Date: 3/27/2025) Large multifamily in need of massive renovation at scale for sale. Property came under contract while underwriting but broker knows the other CLE multifamilies I've underwritten. Would be curious to see what the seller achieves with this property.
Free Post real estate underwriting 4 Davis Underwriting & Deal Memo (Closing Date: 3/31/2025) Ten unit multifamily building in Shirley, MA looking for value add to section 8 rental. An unusual location in the Boston metro area. What prop mgmt and renovation is required for this property to be a good investment?
Free Post real estate underwriting Burkhardt Underwriting & Deal Memo (Closing Date: 3/31/2025) Burned out CA out of state investor is offloading a 35 unit apartment building in Cincinnati, OH. There's high incentive on the property management team to perform. Building also relatively new.
Free Post real estate underwriting Violets Manor Underwriting & Deal Memo (Closing Date: 3/24/2025) Mid-turn commercial apartment building looking for an investor to finish the job. Seven of twelve units are leased at $754/mth. Can renovate the remaining four, really renovate the other seven, bring up all units to market, then BRRRR?
Free Post real estate underwriting New deal memos e.g. real estate underwriting Introducing a new type of deal memo e.g. the commercial real estate underwriting format. Also a small life update for long time readers.
