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15112 Euclid Ave
East Cleveland, OH 44112
EUCLID GARDEN APARTMENTS · Multifamily Property For Sale
·
24 Units
Investment Highlights
- 24 Units / Currently 79% 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 $97,444 or a 7.80% Cap rate at the price of $1,250,000 ($52,083 per u
- Excellent Location, Bus Stops in Walking distance
Property Facts
| No. Units | 24 | Building Size | 15,456 SF |
| Property Type | Multifamily | Average Occupancy | 79% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1960/2016 |
| Building Class | C | Parking Ratio | 1.55/1,000 SF |
| Lot Size | 0.46 AC | ||
| Zoning | Multi-Family - APTS 17-39 | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 15,456 SF |
| Average Occupancy | 79% |
| No. Stories | 3 |
| Year Built/Renovated | 1960/2016 |
| Parking Ratio | 1.55/1,000 SF |
| Zoning | Multi-Family - APTS 17-39 |
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | $587.50 | 600 |
Property Taxes
| Parcel Number | 673-09-110 | Improvements Assessment | $119,525 |
| Land Assessment | $14,000 | Total Assessment | $133,525 |
Property Taxes
Parcel Number
673-09-110
Land Assessment
$14,000
Improvements Assessment
$119,525
Total Assessment
$133,525
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