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1117 E 125th St
East Cleveland, OH 44112
East 125th Apartments · Multifamily Property For Sale
·
24 Units
Investment Highlights
- 24 Units / Currently 91% occupied (22/24)
- 9.46% Cap Rate based on projected NOI at 90% Occupancy at Market Rents
- Excellent Location, Bus Stops in Walking distance
- The property has been converted to Condos (all units deeded separately) for ease of individual unit sales.
- “Guaranteed” Rent, Stable & Reliable Tenant Base with Tremendous Upside
- Owner directs Immediate Sale of Portfolio to fund other Business opportunities!
Property Facts
| No. Units | 24 | Building Size | 24,000 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1924/2008 |
| Building Class | C | Parking Ratio | 1/1,000 SF |
| Lot Size | 0.65 AC |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.65 AC |
| Building Size | 24,000 SF |
| Average Occupancy | 92% |
| No. Stories | 3 |
| Year Built/Renovated | 1924/2008 |
| Parking Ratio | 1/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Wheelchair Accessible (Rooms)
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | $712.50 | 617 - 922 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $174,300 | |
| Land Assessment | $19,530 | Total Assessment | $193,830 |
Property Taxes
Parcel Numbers
Land Assessment
$19,530
Improvements Assessment
$174,300
Total Assessment
$193,830
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