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1875 Forest Hills Blvd 41 Unit Apartment Building $1,199,000 ($29,244/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 Brick Apartment Building $1,199,000 ($29,243/Unit) East Cleveland, OH 44112
Solid building vacant big rehab but has good bones needs we assume about $700,000 to $9000,000 depending on finishes but when finished will be quite a cash cow as has the potential do gross over 41,000 a month.
Cap rate well over 15% if purchase and rehab are under $2,000,000 as all units should rent for more than $1,100/month plus still leaving over $700,000 in equity
Solid building vacant big rehab but has good bones needs we assume about $700,000 to $9000,000 depending on finishes but when finished will be quite a cash cow as has the potential do gross over 41,000 a month.
Cap rate well over 15% if purchase and rehab are under $2,000,000 as all units should rent for more than $1,100/month plus still leaving over $700,000 in equity
Property Facts
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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Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
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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