9539 Green Meadow Rd - Apartments FOR SALE
Windham, OH 44288 |
$100,000 USD
650-374-5912
9539 Green Meadow Rd
Windham, OH 44288
HIGHLIGHTS
- 9539 Green Meadow Road presents a passive investment fund opportunity of two six-unit apartment buildings; the MFR properties are not for sale.
- 20% monthly cash-on-cash, high-yield investment opportunity seeking $100K in second-position debt financing for renovation.
- Offered with a 20% return, paid immediately every month, $1,667 (interest only) on a 12-36 month term (fixed return 15% for $50K or 20% for $100K).
- Subject generates $70K per year, and ownership’s existing first position debt is only $350K (property valuation $650K – less than 40% LTV).
- Located in Windham Village, outside of the Cleveland MSA, off the Ohio Turnpike toll road (Interstate 80), enhancing regional connectivity.
FOR SALE DETAILS
PRICE
$100,000 USD
PRICE/SF
$19 USD /SF
# OF UNITS
12
PRICE/UNIT
$8,333
CAP RATE
20%
% LEASED
83%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1942
PARKING SPACES
10
LAND DETAILS
LAND ACRES
0.33 AC
LAND SF
14,374 SF
ZONING
C
APN/PARCEL ID
41-057-10-00-148-000
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650-374-5912
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650-374-5912
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