563 E 118th St - Apartments FOR SALE


Cleveland, OH 44108- Forest Hills
$595,000 USD
513-240-2764
563 E 118th St, Cleveland, OH for Sale
$595,000 USD
Apartments - FOR SALE
1/28
null | 11% Cap Rate

563 E 118th St
Cleveland, OH 44108
Forest Hills


OVERVIEW

12-unit apartment building available for sale at 563 E 118th St. There are 8 and 1BR, 4 - 2BR. One of the 2 BR units is currently being used as storage. This unit can be converted in to a rentable unit. The rest of the units are fully leased. Tenants pay electric and gas. Landlord is responsible for water only. Solid brick building. Several capital improvements during last two years. The building is lead certified valid until 2027.

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$57 USD /SF

# OF UNITS

12

PRICE/UNIT

$49,583

CAP RATE

11%

% LEASED

92%

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

Srini KaranamLester ApartmentsMore Info
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.