2885 Hampton Rd | Cleveland, OH 44120
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- LoopNet Team
2885 Hampton Rd
Cleveland, OH 44120
Hampton Hall · Multifamily Property For Sale
·
21 Units
INVESTMENT HIGHLIGHTS
- Projected Net Annual Operating Income at 100% Occupancy is $90,516 or a 10.61% Cap Rate at the asking price of $850,000 ($39,047 per unit)
- Value add opportunity as comparable rents in area over $900 without indoor parking and elevator
- Located only a 5 minute walk to Shaker Square, the oldest shopping district in Ohio and the second oldest in the nation
PROPERTY FACTS
| No. Units | 21 | Building Size | 23,976 SF |
| Property Type | Multifamily | Average Occupancy | 62% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1954 |
| Building Class | C | Parking Ratio | 0.88/1,000 SF |
| Lot Size | 0.60 AC | ||
| Zoning | R8B | ||
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 23,976 SF |
| Average Occupancy | 62% |
| No. Stories | 3 |
| Year Built | 1954 |
| Parking Ratio | 0.88/1,000 SF |
| Zoning | R8B |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 21 | - | 650 |
PROPERTY TAXES
| Parcel Number | 144-10-015 | Improvements Assessment | $237,545 |
| Land Assessment | $41,230 | Total Assessment | $278,775 |
PROPERTY TAXES
Parcel Number
144-10-015
Land Assessment
$41,230
Improvements Assessment
$237,545
Total Assessment
$278,775
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