14815-14835 Euclid Ave | Cleveland, OH 44112
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- LoopNet Team
14815-14835 Euclid Ave
Cleveland, OH 44112
MARLBORO HOUSE APARTMENTS · Multifamily Property For Sale
·
48 Units
INVESTMENT HIGHLIGHTS
- 48 Units / Currently 89% Occupied / Fantastic Value Add Opportunity
- Excellent Unit Mix of 26 One Bedroom, One Bath units and 22 Two Bedroom, One Bath units
- Excellent Location, Bus Stops in Walking distance
- The Projected Net Annual Operating Income at 100% Occupancy at Market Rents is $237,916 or a 9.71% Capitalization rate at the asking price of $2,450
- “Guaranteed” Rent, Stable & Reliable Tenant Base with Tremendous Upside
- Owner directs Immediate Sale of Portfolio to fund other Business opportunities!
PROPERTY FACTS
| No. Units | 48 | Building Size | 38,352 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 1.08/1,000 SF |
| Lot Size | 0.86 AC | ||
| Zoning | MF, East Cleveland | ||
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.86 AC |
| Building Size | 38,352 SF |
| Average Occupancy | 92% |
| No. Stories | 3 |
| Year Built | 1964 |
| Parking Ratio | 1.08/1,000 SF |
| Zoning | MF, East Cleveland |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 30 | - | 650 |
| 2+1 | 18 | - | 700 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $319,200 | |
| Land Assessment | $26,040 | Total Assessment | $345,240 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$26,040
Improvements Assessment
$319,200
Total Assessment
$345,240
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