1855 Cliffview Rd | Cleveland, OH 44112
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1855 Cliffview Rd
Cleveland, OH 44112
1855 Cliffview Apartment · Multifamily Property For Sale
·
20 Units
Investment Highlights
- Projected Net Annual Operating Income at 100% Occupancy is $80,977 or a 10.01% Cap Rate at the asking price of $799,999 ($39,999 per unit)
- Historically High Occupancy even during Covid
- Low taxes, Tenants pay heat and electric, Owner pays common electric and hot water, Looking for quick closing cash buyers only. NO FINANCING
Property Facts
| No. Units | 20 | Building Size | 12,320 SF |
| Property Type | Multifamily | Average Occupancy | 85% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1961 |
| Building Class | B | Parking Ratio | 1.62/1,000 SF |
| Lot Size | 0.57 AC | ||
| Zoning | MF-2 | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.57 AC |
| Building Size | 12,320 SF |
| Average Occupancy | 85% |
| No. Stories | 3 |
| Year Built | 1961 |
| Parking Ratio | 1.62/1,000 SF |
| Zoning | MF-2 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | - | - |
Property Taxes
| Parcel Number | 117-27-014 | Improvements Assessment | $110,530 |
| Land Assessment | $6,335 | Total Assessment | $116,865 |
Property Taxes
Parcel Number
117-27-014
Land Assessment
$6,335
Improvements Assessment
$110,530
Total Assessment
$116,865
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