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The Gordon Square Six Apt. Complex 1327 W 67th St 6 Unit Apartment Building $599,000 ($99,833/Unit) 7.56% Cap Rate Cleveland, OH 44102
Investment Highlights
- 100% Occupied offering immediate, stable cash flow
- Tenant paid Gas and Electric, Landlord pays only Water and Sewer
- Opportunity to Increase Revenues with Rental Rate Increase
- Recently renovated, Newer Roof (2 years) on Front Building
- 7.56% Current Cap Rate or $99,833 per unit
Financial Summary (Pro Forma - 2026) 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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $599,000 | Apartment Style | Low-Rise |
| Price Per Unit | $99,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 7.56% | Building Size | 5,015 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1900/2025 |
| Zoning | 2F - 4090 - 4- 6 UNIT APARTMENTS | ||
| Price | $599,000 |
| Price Per Unit | $99,833 |
| Sale Type | Investment |
| Cap Rate | 7.56% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 5,015 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1900/2025 |
| Zoning | 2F - 4090 - 4- 6 UNIT APARTMENTS |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Gas Range
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $887.50 | 550 |
| 2+1 | 5 | $1,120 | 575 - 750 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 002-09-095 | Improvements Assessment | $119,210 (2025) |
| Land Assessment | $6,755 (2025) | Total Assessment | $125,965 (2025) |
Property Taxes
Parcel Number
002-09-095
Land Assessment
$6,755 (2025)
Improvements Assessment
$119,210 (2025)
Total Assessment
$125,965 (2025)
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The Gordon Square Six Apt. Complex | 1327 W 67th St
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