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Investment Highlights

  • Solid Brick 17 unit, Plans Approved Permits Pulled ready for rehab
  • Location Location Location strong rental area CMHA payment standards: ~$1,050/mo for 1BD
  • Priced right and ready for rehab

Executive Summary

17unit with approved city plans and permits pulled. Need roof repair(no longer leaking) and outside brickwork assume 50k for both..Plumbing,Electric and HVAC mostly complete(20k). 17 units needing various repairs. 6 units needing a lot of repair from prior water leaks the rest not bad. We assume 200k to 300k(max) for complete repairs depending on finishes, lights are on already and property is secured with a security system.

Attachments

1832 willowhurst expected 2027

Property Facts

Price $425,000
Price Per Unit $25,000
Sale Type Investment
Sale Condition Redevelopment Project
No. Units 17
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.17 AC
Building Size 12,987 SF
Average Occupancy 0%
No. Stories 3
Year Built 1927
Parking Ratio 0.71/1,000 SF
Zoning N/Av, Cleveland

Amenities

Unit Amenities

  • Heating
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 17 - -
Fairly walkable
40/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
117-16-104
Land Assessment
$3,885
Improvements Assessment
$105,280
Total Assessment
$109,165
  • Listing ID: 40987334

  • Date on Market: 6/19/2026

  • Last Updated:

  • Address: 1832 Willowhurst Rd, Cleveland, OH 44112

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