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2260 Noble Rd
Cleveland Heights, OH 44121
THE DALLAS APARTMENTS · Multifamily Property For Sale
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19 Units
Investment Highlights
- Projected Cap Rate at 95% Occupancy with a $20,000 per Suite Renovation is 9.58%.
- Comparables reflect similar finished, renovated properties transferring at $75,000+ per unit
- Great Value-added opportunity
- Property is mostly Vacant, broom swept and offers a quick start of renovation
Property Facts
| No. Units | 19 | Building Size | 18,344 SF |
| Property Type | Multifamily | Average Occupancy | 10% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1940 |
| Building Class | C | Parking Ratio | 0.65/1,000 SF |
| Lot Size | 0.23 AC | ||
| Zoning | M-1 | ||
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 18,344 SF |
| Average Occupancy | 10% |
| No. Stories | 3 |
| Year Built | 1940 |
| Parking Ratio | 0.65/1,000 SF |
| Zoning | M-1 |
Amenities
Unit Amenities
- Tile Floors
- Hardwood Floors
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | $850.00 | 755 |
| Studios | 3 | $800.00 | 690 |
Property Taxes
| Parcel Number | 681-38-077 | Improvements Assessment | $210,385 |
| Land Assessment | $12,320 | Total Assessment | $222,705 |
Property Taxes
Parcel Number
681-38-077
Land Assessment
$12,320
Improvements Assessment
$210,385
Total Assessment
$222,705
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