563 E 118th St - Apartments FOR SALE


Cleveland, OH 44108- Forest Hills
$895,000 USD
513-240-2764
563 E 118th St, Cleveland, OH for Sale
$895,000 USD
Apartments - FOR SALE
1/33
null | Request Cap Rate

563 E 118th St
Cleveland, OH 44108
Forest Hills


HIGHLIGHTS

  • Tenants pay electric and gas
  • Porches
  • Parking lot for 969 Nathaniel Rd property

OVERVIEW

Two buildings for sale for a total of 16 units. There are 8 - 1BR, 4 - 2BR and 4-3BR. 100% Occupancy with a gross income of $13,880 per month($166,560 per year). There are two more units which are currently being used as storage. These two units can be converted in to rentable units. Teanants pay electric and gas. Landlord is responsible for water only. The second building is about two miles away and the address is 969 Nathaniel Rd, Cleveland, OH 44110. Solid brick buildings. Several capital improvements during last two years. Both the buildings are lead certified.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$86 USD /SF

# OF UNITS

11

PRICE/UNIT

$81,364

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1913

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

APTS 7-19

APN/PARCEL ID

111-05-006

ASK ABOUT THIS PROPERTY

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513-240-2764

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Srini KaranamLester ApartmentsMore Info
513-240-2764

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