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1173 E 60th St 5 Unit Apartment Building $359,900 ($71,980/Unit) Cleveland, OH 44103
Executive Summary
Amazing property in Cleveland's St Clair Superior neighborhood. Three homes on a huge lot with five total apartments and eight garage spaces. Monthly rental income currently totals $4,925 and there is room to grow as the current owner has not raised rents with the market. The property includes: 1) Updated single family wood frame home 2 bedroom 2 full baths and open floor plan; 2) An updated brick duplex with 3 stories each, 2 bedrooms, office/flex area, 1 1/2 baths, open floor plan and exposed brick; 3) An up down wood frame double with a groovy 1970s 2 bedroom first floor and a cool 2 bedroom vaulted ceilings and open floor plan on the second. Minutes from downtown, University Circle and area hospitals. Easy access to Lake Erie via the East 55th Street Marina and the Lakefront Nature Preserve. Region access via I-90. Public Transportation via the #1 bus 1/2 block down on St Clair.
Property Facts
| Price | $359,900 | Lot Size | 0.29 AC |
| Price Per Unit | $71,980 | Building Size | 6,113 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1900/2000 |
| Property Subtype | Apartment | Parking Ratio | 1.31/1,000 SF |
| Building Class | C | ||
| Zoning | TWO FAMILY - 4090 - 4- 6 UNIT APARTMENTS | ||
| Price | $359,900 |
| Price Per Unit | $71,980 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 6,113 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1900/2000 |
| Parking Ratio | 1.31/1,000 SF |
| Zoning | TWO FAMILY - 4090 - 4- 6 UNIT APARTMENTS |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Washer/Dryer
- Refrigerator
- Range
- Basement
- Deck
- Double Pane Windows
- Loft Layout
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Courtyard
- Bicycle Storage
- Public Transportation
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Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 104-13-040 | Improvements Assessment | $44,765 |
| Land Assessment | $3,605 | Total Assessment | $48,370 |
Property Taxes
Parcel Number
104-13-040
Land Assessment
$3,605
Improvements Assessment
$44,765
Total Assessment
$48,370
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1173 E 60th St