16015 Euclid Ave
Cleveland, OH 44112
Hanover House Apartments · Multifamily Property For Sale · 71 Units

INVESTMENT HIGHLIGHTS

  • Excellent location with easy access to main highways.
  • Be a part of the planned redevelop in East Cleveland and be ready to lease.

EXECUTIVE SUMMARY

Property back on market - buyer fell out of contract. A recent fire damaged 6-8 of the units, building has been secured and needs rehab due to squatters Great location and value if rent ready units should lease at $750 for one bedroom and $900 for two bedroom units.

PROPERTY FACTS

Price Per Unit $26,761
Sale Type Investment
Sale Conditions
1031 Exchange
  • High Vacancy Property
No. Units 71
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class C
Lot Size 1.50 AC
Building Size 54,500 SF
Average Occupancy 72%
No. Stories 4
Year Built 1965
Parking Ratio 1.47/1,000 SF
Zoning Commercial

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Carpet

SITE AMENITIES

  • Fenced Lot
  • Laundry Facilities
  • Gated
  • Elevator

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 55 - 556 - 626
2+1 16 - 778

PROPERTY TAXES

  • Listing ID: 26856681

  • Date on Market: 10/14/2022

  • Last Updated:

  • Address: 16015 Euclid Ave, Cleveland, OH 44112