2646 Noble Rd | Cleveland, OH 44121
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- LoopNet Team
2646 Noble Rd
Cleveland, OH 44121
THE DELMORE APARTMENTS · Multifamily Property For Sale
·
13 Units
INVESTMENT HIGHLIGHTS
- Projected Cap Rate at 95% Occupancy with a $20,000 per Suite Renovation is 8.50%.
- 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 | 13 | Building Size | 14,684 SF |
| Property Type | Multifamily | Average Occupancy | 23% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1956 |
| Building Class | C | Parking Ratio | 0.98/1,000 SF |
| Lot Size | 0.60 AC | ||
| Zoning | N/Av, Cleveland | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 14,684 SF |
| Average Occupancy | 23% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 0.98/1,000 SF |
| Zoning | N/Av, Cleveland |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Tile Floors
- Hardwood Floors
- Double Pane Windows
SITE AMENITIES
- Laundry Facilities
- Tenant Controlled HVAC
- Storage Space
- Public Transportation
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 13 | $837.50 | 650 |
PROPERTY TAXES
| Parcel Number | 682-31-133 | Improvements Assessment | $151,025 |
| Land Assessment | $28,210 | Total Assessment | $179,235 |
PROPERTY TAXES
Parcel Number
682-31-133
Land Assessment
$28,210
Improvements Assessment
$151,025
Total Assessment
$179,235
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