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14918 Milverton Rd
Cleveland, OH 44120
Shaker Central Apartments · Multifamily Property For Sale
·
12 Units
Investment Highlights
- Excellent Value Add Opportunity to Increase Current Revenues with improved management, expense roll backs and increasing rents.
- All Self-Paid Tenants, No Section 8 Voucher Tenants
- Located on the border of Shaker Heights, an affluent Cleveland Suburb
- Currently 92% occupied with a Proj. Net Operating Income of $52,530 or a 8.77% Cap Rate at the Asking Price of $599,000.00.
- Significant Renovations in 2017
Property Facts
| No. Units | 12 | Building Size | 7,200 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1959/2017 |
| Building Class | C | Parking Ratio | 1.81/1,000 SF |
| Lot Size | 0.37 AC | ||
| Zoning | Commercial | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 7,200 SF |
| Average Occupancy | 92% |
| No. Stories | 3 |
| Year Built/Renovated | 1959/2017 |
| Parking Ratio | 1.81/1,000 SF |
| Zoning | Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | $567.50 | 500 - 525 |
| 2+1 | 1 | $685.00 | 610 |
Property Taxes
| Parcel Number | 130-18-039 | Improvements Assessment | $138,320 |
| Land Assessment | $8,330 | Total Assessment | $146,650 |
Property Taxes
Parcel Number
130-18-039
Land Assessment
$8,330
Improvements Assessment
$138,320
Total Assessment
$146,650
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