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1832 Willowhurst Rd 17 Unit Apartment Building $425,000 ($25,000/Unit) Cleveland, OH 44112



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.
Property Facts
| Price | $425,000 | Building Class | C |
| Price Per Unit | $25,000 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 12,987 SF |
| Sale Condition | Redevelopment Project | Average Occupancy | 0% |
| No. Units | 17 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1927 |
| Property Subtype | Apartment | Parking Ratio | 0.71/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | N/Av, Cleveland | ||
| 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 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 117-16-104 | Improvements Assessment | $105,280 |
| Land Assessment | $3,885 | Total Assessment | $109,165 |
Property Taxes
Parcel Number
117-16-104
Land Assessment
$3,885
Improvements Assessment
$105,280
Total Assessment
$109,165
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Videos
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Presented by
Kevin Klein
1832 Willowhurst Rd
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