Track record
Every property the firm owns, with its purchase terms and operating figures.
- Properties
- 1
- Units
- 2
- Aggregate purchase price
- $170,000
West Boulevard duplex
A two-unit residential building in the West Boulevard neighborhood on Cleveland’s west side, acquired in April 2025. The firm’s first acquisition.
Property and purchase
- Type
- Duplex
- Building size
- 2,348 sq ft
- Units
- 2 (3 bed / 1 bath each)
- Closed
- April 2025
- Purchase price
- $170,000
- Down payment
- $42,500 (25%)
- Financing
- Conventional mortgage
- Property manager
- Progressive Urban Property Management
Operating figures, Q2 2025
- Gross monthly rent
- $2,400
- Rent per unit
- $1,200
- Occupancy
- 2 of 2 units
- Status
- Stabilized
Lessons from the first acquisition
- Underwriting margin
- The acquisition budget assumed longer vacancy and higher repair costs than industry averages suggested. That margin absorbed the first turnover without putting the property’s cash flow at risk.
- Professional management
- Delegating leasing and maintenance to a property manager keeps the firm’s time on acquisitions, oversight, and investor reporting.
The firm is underwriting its next acquisition. Investor-list members are notified before it closes.
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