14815-14835 Euclid Ave - Apartments FOR SALE
Cleveland, OH 44112 |
14815-14835 Euclid Ave
Cleveland, OH 44112
HIGHLIGHTS
- 48 Units / Currently 89% Occupied / Fantastic Value Add Opportunity
- The Projected Net Annual Operating Income at 100% Occupancy at Market Rents is $237,916 or a 9.71% Capitalization rate at the asking price of $2,450
- Excellent Unit Mix of 26 One Bedroom, One Bath units and 22 Two Bedroom, One Bath units
- “Guaranteed” Rent, Stable & Reliable Tenant Base with Tremendous Upside
- Excellent Location, Bus Stops in Walking distance
- Owner directs Immediate Sale of Portfolio to fund other Business opportunities!
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
MARLBORO HOUSE APARTMENTS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
38352
STORIES
3
YEAR BUILT
1964
PARKING SPACES
52
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
673-06-019,673-06-020
