15104 Euclid Ave | East Cleveland, OH 44112
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- LoopNet Team
15104 Euclid Ave
East Cleveland, OH 44112
STANWOOD GARDENS APTS. & RETAIL · Multifamily Property For Sale
·
19 Units
INVESTMENT HIGHLIGHTS
- 19 Units / Currently 94% 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 Projected Net Annual Operating Income at 100% Occupancy at Market Rents is $68,006 or a 7.56% Cap rate at the price of $900,000 ($47,368 per uni
- Excellent Location, Bus Stops in Walking distance
PROPERTY FACTS
| No. Units | 19 | Building Size | 17,303 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1920 |
| Building Class | C | Parking Ratio | 0.58/1,000 SF |
| Lot Size | 0.74 AC | ||
| Zoning | MF - Multi-Family walk up 7-19 | ||
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.74 AC |
| Building Size | 17,303 SF |
| Average Occupancy | 94% |
| No. Stories | 1 |
| Year Built | 1920 |
| Parking Ratio | 0.58/1,000 SF |
| Zoning | MF - Multi-Family walk up 7-19 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Disposal
- Kitchen
- Refrigerator
- Oven
- Range
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- On-Site Retail
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 14 | $675.00 | - |
| 2+1 | 3 | $775.00 | - |
PROPERTY TAXES
| Parcel Number | 673-09-109 | Improvements Assessment | $96,530 |
| Land Assessment | $7,000 | Total Assessment | $103,530 |
PROPERTY TAXES
Parcel Number
673-09-109
Land Assessment
$7,000
Improvements Assessment
$96,530
Total Assessment
$103,530
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