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Ashby Arms 15500 Van Aken 15 Unit Apartment Building For Sale Shaker Heights, OH 44120
Investment Highlights
- In-place rents are $75 to $200 below direct competitors
- More than $243,000 of capital improvements made over the last 5 years
- 4 minutes to Shaker Town Center: Heinens Grocery Store, CVS, Huntington Bank, UPS, Verizon among many other retailers and restaurants
- Meaningful additional revenue growth through the implementation of parking fees and utility reimbursement program
- Located in Shaker Height’s - One of Northeast Ohio’s most desirable inner-ring suburbs
- OFFERS DUE: JULY 21st
Executive Summary
Offering Site:
https://ashbyarms.sharplaunch.com/
https://ashbyarms.sharplaunch.com/
Property Facts
| Sale Type | Investment | Lot Size | 0.78 AC |
| No. Units | 15 | Building Size | 14,808 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1952 |
| Building Class | C | Parking Ratio | 0.68/1,000 SF |
| Zoning | Commercial | ||
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.78 AC |
| Building Size | 14,808 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1952 |
| Parking Ratio | 0.68/1,000 SF |
| Zoning | Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- Oven
- Sprinkler System
- Range
- Smoke Free
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | $650.00 | 325 |
| 1+1 | 1 | $800.00 | 525 |
| 2+2 | 8 | $1,240 | 1,100 |
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Fairly walkable
50/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 735-15-001 | Improvements Assessment | $119,420 |
| Land Assessment | $57,050 | Total Assessment | $176,470 |
Property Taxes
Parcel Number
735-15-001
Land Assessment
$57,050
Improvements Assessment
$119,420
Total Assessment
$176,470
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