Studio City Apartments

Location: Cuyahoga Falls, OH
Type: Multifamily
Price: $6,450,000

SMC provided a $6,450,000 loan to facilitate the acquisition of a 375-unit multifamily property located in Cuyahoga Falls, OH. The Property was built in multiple phases between 1963 and 1972. The improvements consists of 5, two to five-story apartment buildings & 8, two-story townhouse buildings. The Property includes amenities such as an indoor pool, tennis courts, outdoor picnic area, and multiple laundry facilities. The Property is located 6 miles northeast of Akron and 35 miles southeast of Cleveland. The occupancy at the time of closing was 95.5%.