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1875 Forest Hills Blvd 41 Unit Apartment Building $1,500,000 ($36,585/Unit) Cleveland, OH 44112
Investment Highlights
- $1,500,000 41 unit building ($36,000 a unit)
- Strong rental area very solid building
Executive Summary
41 Unit Apartment Building$1,499,000 ($36,585/Unit) East Cleveland, OH 44112
Solid building vacant big rehab but has good bones needs we assume about $900,000 to $1,000,000 depending on finishes but when finished will be quite a cash cow as has the potential do gross over 48,000 a month.
Cap rate well over 13% if purchase and rehab are under $3,500,000 as all units should rent for more than $1,100/month
Solid building vacant big rehab but has good bones needs we assume about $900,000 to $1,000,000 depending on finishes but when finished will be quite a cash cow as has the potential do gross over 48,000 a month.
Cap rate well over 13% if purchase and rehab are under $3,500,000 as all units should rent for more than $1,100/month
Property Facts
| Price | $1,500,000 | Building Class | F |
| Price Per Unit | $36,585 | Lot Size | 1.42 AC |
| Sale Type | Investment | Building Size | 40,000 SF |
| No. Units | 41 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1944/1974 |
| Apartment Style | Low-Rise | ||
| Zoning | U2-H1 | ||
| Price | $1,500,000 |
| Price Per Unit | $36,585 |
| Sale Type | Investment |
| No. Units | 41 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | F |
| Lot Size | 1.42 AC |
| Building Size | 40,000 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built/Renovated | 1944/1974 |
| Zoning | U2-H1 |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Online Services
- Walk-Up
- Smoke Detector
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Property Taxes
| Parcel Number | 672-21-003 | Improvements Assessment | $275,345 |
| Land Assessment | $43,120 | Total Assessment | $318,465 |
Property Taxes
Parcel Number
672-21-003
Land Assessment
$43,120
Improvements Assessment
$275,345
Total Assessment
$318,465
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
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Street
Map
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Presented by
Kevin Klein
1875 Forest Hills Blvd
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