Creekside Apartments

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Update 6 - Apr 2024

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Update 5 - Mar 2024

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Update 4 - Nov 2023

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Update 3 - Sept 2023

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Update 2 - June 2023

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Update 1 - Mar 2023

Update 6 - Apr 2024

Progress Photos

BUILDING PROGRESS AS OF 04/09/24

Completed

Unit turns - 47 completed

34 tenant move ins at the market rate with 6 applications currently in review

Asphalt work - fully resurfaced with new drains and painted lines

Entry doors - 19 common area doors replaced

All 12 entry overhangs were redesigned/rebuilt

Hallways - new lighting, paint, misc repairs

Hallways - 3 buildings have new carpeting

New branding / signage installed

Landscape cleanout/install including new beds for all entrways

5 boilers have been replaced

All 24 laundry machines have been replaced - purchased and adding to the building cashflow

Misc plumbing and electrical repairs

PLANNED WORK FOR THE NEXT 90 DAYS

7 more entry doors

4 roofs to be replaced

2 additional boilers will be replaced

Tuckpointing all buildings

15-20 additional unit turns

Fence repair an

3-4 hallways will get new carpeting

Update 5 - Mar 2024

Progress Photos

BUILDING PROGRESS AS OF 03/07/24

1 - By the end of this month, we will surpass 30 units that have been renovated and tenanted at market rate.

2 - We have 10 units available with 6 in the queue to renovate. Currently 8 applications in review.

3 - 19 exterior doors, 5 boilers, 24 laundry units, full property asphalt replacement, entryway overhangs redesigned, hallway LED lighting & paint,

PLANNED ACTIVITY IN Q1 & Q2

1 - Renovate an additional 10-12 units

2 - Hallway carpeting 6 buildings

3 - 7 additional exterior doors and 1 more boiler

4 - building roof repairs/replacement x 2

5 - Misc items: Fence repair, Ext Trim paint, garage repairs, building tuckpointing

Update 4 - Nov 2023

Progress Photos

PROGRESS SUMMARY AS OF 11/10/23

33 units turned by mid-November with another 8 planned by end of 2023. There have been 18 new move ins at or above market rate, 3 boilers replaced with 4 more scheduled for install by end of 2023. Parking lot resurfacing was completed and looks stunning. Landscaping install phase 1 completed. There are 19 of 36 exterior/common area doors replaced with 12 new entryway canopies. This complex is really transforming!

Update 3 - Sept 2023

Progress Photos

PROGRESS SUMMARY AS OF 8/21/23 AND LIST OF PLANNED ACTIVITY 30-45 DAYS

Mechanicals - Boilers - 2 boilers replaced and 10 cleaned & inspected
Mechanicals - Plumbing - Several leaks stabilized including underground repairs/supply replacements
Mechanical - Laundry - All 24 machines replaced with electronic reader units
Commons - Hallways painted, LED lighting, 19 entry doors completed
Commons - Entry Doors - 19 currently being replaced on or before 6/23
Hallway flooring - Quotes in process for August replacement
Entryway redesign - All 12 overhangs rebuilt
Landscaping - Clean up/tear out with entryway beds installed
Landscaping - Picnic area materials/design to be finalized by Q4 2023 for install Q2 2024
Asphalt - full parking/drive replacement completed
Unit Turns - we'll be completing #27- #33 in September 2023
Commons - Hallway flooring planned for October 2023
Rebranding - New sign installed Tinkers Creek is now called Creekside

Leasing Activity

11 new tenants at above market rate with an additional 5 applications in review

Update 2 - June 2023

Progress Photos

PROGRESS SUMMARY AS OF 6/7/23 AND LIST OF PLANNED ACTIVITY 30-45 DAYS

Mechanicals - Boilers - 3 boilers replaced and 9 cleaned & inspected
Mechanicals - Plumbing - Several leaks stabilized including underground repairs/supply replacements
Mechanical - Laundry - All 24 machines replaced with electronic reader units
Commons - Hallways painted, LED lighting, 19 entry doors on order for install
Commons - Entry Doors - 19 currently being replaced on or before 6/23
Hallway flooring - Quotes in process for August replacement
Entryway redesign - All 12 overhangs rebuilt
Landscaping - Phase 1 cleanup completed - Phase 2 of 3 scheduled for late June - install
Landscaping - Picnic area design in process for install late July
Asphalt - full parking/drive replacement scheduled for week of July 17th
Unit Turns - 9 completed - 6 punch list phase complete by 6/13 - 8 additional units to be completed by July 14th

Leasing Activity

3 new tenants at above market rate
Several applications in review process

Update 1 - Mar 2023

Progress Photos

PROGRESS SUMMARY AS OF 3/23/23 INCLUDING 30 DAYS PLANNED ACTIVITY

Mechanicals - Boilers - 2 boilers replaced, 2 planned for replacement, 8 cleaned & inspected
Mechanicals - Plumbing - Several leaks stabilized including underground repairs/supply replacements
Mechanical - Laundry - 24 units on order for install late April
Commons - Hallways painted, LED lighting, 19 entry doors on order for install
Security & Lighting - system upgrade & common lighting LED install April 2023
Hallway flooring - projected for May 2023
Entryway redesign - submission to city April 2023 for outside door & overhang
Landscaping cleanup & install - April 2023
Asphalt work - new drive, parking, and drainage - 3 phase projected Q2 & Q3

Financial Highlights

Rent increase impact on first 10 units - blended average per door $173
Full reports available Mid April 2023

Address

5265 E 126th Street, Garfield Heights, OH 44125

Property Type

Apartments

Units

96

Year Built

1962

Acquired

12/15/2022

Shares Available

12

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Creekside Apartments