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Euclid-Hastings 15632 Euclid Ave 51 Unit Apartment Building $849,000 ($16,647/Unit) East Cleveland, OH 44112
Executive Summary
Green Bridge Real Estate is pleased to present the Euclid Hastings Apartment Building. A 51 unit multifamily building , 50 - 1 bed units and 1 - 2 bed unit. Currently a clean shell, that is ready to rehab. Proforma GI of $504,900, with an estimated monthly income of $42,075. Proforma NOI of $302,940 which would be a 23.32% cap rate on the asking price of $1,299,000.
Please call or email Jason Griffith to schedule your tour today!
Please call or email Jason Griffith to schedule your tour today!
Property Facts
| Price | $849,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $16,647 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Sale Condition | Building in Shell Condition | Building Size | 35,282 SF |
| No. Units | 51 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1927/2025 |
| Property Subtype | Apartment | ||
| Zoning | U3 - 4070 - ELEVATOR APTS 40+ U | ||
| Price | $849,000 |
| Price Per Unit | $16,647 |
| Sale Type | Investment |
| Sale Condition | Building in Shell Condition |
| No. Units | 51 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 35,282 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1927/2025 |
| Zoning | U3 - 4070 - ELEVATOR APTS 40+ U |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Tub/Shower
- Large Bedrooms
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 43 | - | 469 |
| 1+1 | 8 | - | 710 |
Fairly walkable
40/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 673-11-007 | Improvements Assessment | $47,635 |
| Land Assessment | $10,430 | Total Assessment | $58,065 |
Property Taxes
Parcel Number
673-11-007
Land Assessment
$10,430
Improvements Assessment
$47,635
Total Assessment
$58,065
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Euclid-Hastings | 15632 Euclid Ave