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1295 W Holmden Ave 4 Unit Apartment Building $749,900 ($187,475/Unit) 7.78% Cap Rate Cleveland, OH 44109
Executive Summary
WOW! Take a look at this gorgeous totally remodeled fourplex in the heart of Cleveland’s historic Tremont neighborhood! From the outside in, this property offers today's finest amenities with four spacious two bedroom rental units. Each apartment has been taken to the studs and completely rebuilt including new windows and LVT flooring throughout the open floor plan. The kitchen includes quartz counters, stainless appliances with a refrigerator, gas range, microwave and dishwasher. Each full bathroom has new tile and all new fixtures. All of the HVAC was done with newly added forced air systems. This apartment building is fully occupied and offers a 15 year tax abatement for a considerable amount of the improvements, further adding value and ROI. Perfect for a 1031 exchange, an investor looking for an easy to run and easy to rent building, or even an owner occupant buyer that would want to take possession of own of the units. One of the best opportunities in Cleveland!
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $749,900 | Building Class | B |
| Price Per Unit | $187,475 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 4,104 SF |
| Cap Rate | 7.78% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1890 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price | $749,900 |
| Price Per Unit | $187,475 |
| Sale Type | Investment |
| Cap Rate | 7.78% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 4,104 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1890 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Microwave
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Island Kitchen
- Porch
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | $1,750 | - |
| 2+1 | 1 | $1,660 | - |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
1295 W Holmden Ave