31501 N Marginal Dr - Multi-Family FOR SALE


Willowick, OH 44095
$600,000 USD
216-789-1636
31501 N Marginal Dr, Willowick, OH for Sale
$600,000 USD
Multi-Family - FOR SALE
1/5
null | Request Cap Rate

31501 N Marginal Dr
Willowick, OH 44095


HIGHLIGHTS

  • Tenants pay all utilities
  • HOA present, so minimal/low owner management duties
  • Stabilized portfolio with rent upside-market rents $1400-$1600 for three bedroom units

OVERVIEW

Prime Six-Unit Multifamily Investment Opportunity – Stabilized Portfolio with Upside. This well-maintained six-unit multifamily property presents an excellent investment opportunity with stable occupancy and strong rental upside. Each spacious 3- bedroom, 1.5-bath unit offers approximately 1,200 square feet of living space, totaling 7,200 square feet across the property.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$83 USD /SF

# OF UNITS

6

PRICE/UNIT

$100,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bayridge Condominium

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

28-A-040-H-01-009-0

ASK ABOUT THIS PROPERTY

Richard Abou-JaoudeBerkshire Hathaway HomeServicesMore Info
216-789-1636

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Richard Abou-JaoudeBerkshire Hathaway HomeServicesMore Info
216-789-1636

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.