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2004 Noble Rd
East Cleveland, OH 44112
Nela Park Apartments · Multifamily Property For Sale
·
18 Units
Investment Highlights
- Projected NOI at 100% Occupancy is $39,662 or a 20.98% Cap Rate
- Property vacant and ready for renovation
- Owner motivated to sell
- Located directly across the street from the 92 Acre world operating headquarters of GE Lighting at Nela Park
Property Facts
| No. Units | 18 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 19,916 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1916 |
| Building Class | C | Parking Ratio | 0.4/1,000 SF |
| Zoning | Commercial | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 19,916 SF |
| No. Stories | 3 |
| Year Built | 1916 |
| Parking Ratio | 0.4/1,000 SF |
| Zoning | Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Carpet
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | - | - |
| 2+1 | 3 | - | - |
Property Taxes
| Parcel Number | 673-19-085 | Improvements Assessment | $86,590 |
| Land Assessment | $7,175 | Total Assessment | $93,765 |
Property Taxes
Parcel Number
673-19-085
Land Assessment
$7,175
Improvements Assessment
$86,590
Total Assessment
$93,765
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