14300 Lake Shore Blvd | Cleveland, OH 44110
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- LoopNet Team
14300 Lake Shore Blvd
Cleveland, OH 44110
LAKESHORE APARTMENTS · Multifamily Property For Sale
·
17 Units
Investment Highlights
- 17 Units / Currently 64% Occupied / Fantastic Value Add Opportunity
- “Guaranteed” Rent, Stable & Reliable Tenant Base with Tremendous Upside
- Owner directs Immediate Sale of Portfolio to fund other Business opportunities!
- The Proj. Net Annual Operating Income at 100% Occupancy at Market Rents is $64,172 or a 7.33% Cap rate at the price of $875,000 ($51,470 per unit)
- Possible City of Cleveland Tax Abatement & Other Incentives
- Overlooks Lake Erie and is located near the prestigious Village of Bratenahl
Property Facts
| No. Units | 17 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 15,802 SF |
| Property Subtype | Apartment | Average Occupancy | 65% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built/Renovated | 1925/1952 |
| Zoning | MF-2 | ||
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 15,802 SF |
| Average Occupancy | 65% |
| No. Stories | 3 |
| Year Built/Renovated | 1925/1952 |
| Zoning | MF-2 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Carpet
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 17 | $666.50 | - |
Property Taxes
| Parcel Number | 112-19-035 | Improvements Assessment | $117,320 |
| Land Assessment | $5,075 | Total Assessment | $122,395 |
Property Taxes
Parcel Number
112-19-035
Land Assessment
$5,075
Improvements Assessment
$117,320
Total Assessment
$122,395
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