4033-4043 St Clair Ave - Apartments FOR SALE


Cleveland, OH 44103- Goodrich-Kirtland Park
$1,300,000 USD
216-600-8399
4033-4043 St Clair Ave, Cleveland, OH for Sale
$1,300,000 USD
Apartments - FOR SALE
1/3
null | 12% Cap Rate

4033-4043 St Clair Ave
Cleveland, OH 44103
Goodrich-Kirtland Park


OVERVIEW

This is a "12 residential rental units, 3 Storefront, and 1 single family" turnkey Rental — Stable Income-Producing Properties portfolio: This is a rare chance to acquire a packaged portfolio of 4 rental properties consisting of a diversified mix of 1 single family houses, one four-family house and two commercial buildings that include 3 storefront and 7 units of walk-up apartments, delivering strong, stable cash flow investment returns. 1 single-family homes – one is located in University Heights, the other is located in Beachwood OH, which is a top 2 x Two-family house buildings – with solid structure, full size basement on each of the buildings. Each has its own utility meters separately, located near the commercial buildings below with strong rental history. Two Commercial Buildings, comprising: 3 Retail Storefronts – Street-level visibility in active China town zones, two large Chinese restaurants just across the street, and two breakfaster restaurants next door, and a Kosher meat market just opposite street; 7 walk-up apartments: located above storefronts; Total number of rental units (with separate lease): 15 (inc. 3 storefront) Total number of bedrooms: 25 Total number of Bathrooms: 18 Total rental space: 16,717 sqft Total space of 4-Unit duplex residential rental: 3696 sqft (920 sqft each) Total space of 3 x Storefront: Total space of 2 commercial building: 13,762 Total number of forced air furnace: 13 Total number of hot water tanks: 15 You can also pick part of the above portfolio for your need too. This is a must-sell deal because of the owner retired. We'd prefer sell as a whole package. We are taking the best offer. If you are interested, please call or text our cell: 216-600-8399 Thank you! TBD Group LLC

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$464 USD /SF

# OF UNITS

12

PRICE/UNIT

$108,333

CAP RATE

12%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12 Residential units, 3 Storefront portfolio

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

4

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

RI

APN/PARCEL ID

104-03-015

ASK ABOUT THIS PROPERTY

Gordon WuTBD Group LLCMore Info
216-600-8399

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Gordon WuTBD Group LLCMore Info
216-600-8399

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