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2934-2938 S Moreland Blvd
Cleveland, OH 44120
Moreland Shaker Estates · Multifamily Property For Sale
·
20 Units
Investment Highlights
- 20 Total Units: 17 One Bedroom, One Bathroom Units and 3 Two Bedroom, One Bathroom Units, For Sale: $1,299,000 ($64,950 per unit)
- Currently 35% Occupied, Strong Rental Area
- Excellent Location near Cleveland Clinic, Shopping, Bus and Light Rail Stops in Walking distance, Historic Shaker Square District
- 7.04% Projected Cap Rate with Units Rented at Market Rates
- Excellent Value Added Opportunity to Increase Revenues with better Management
Property Facts
| No. Units | 20 | Building Size | 19,442 SF |
| Property Type | Multifamily | Average Occupancy | 0% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1930/2017 |
| Building Class | C | Parking Ratio | 0.82/1,000 SF |
| Lot Size | 0.39 AC | ||
| Zoning | MED DEN APT | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 19,442 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built/Renovated | 1930/2017 |
| Parking Ratio | 0.82/1,000 SF |
| Zoning | MED DEN APT |
Amenities
Unit Amenities
- Ceiling Fans
- Refrigerator
- Range
- Built-In Bookshelves
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 17 | $732.50 | 700 |
| 2+1 | 3 | - | 700 - 750 |
Property Taxes
| Parcel Number | 144-05-006 | Improvements Assessment | $232,155 |
| Land Assessment | $14,700 | Total Assessment | $246,855 |
Property Taxes
Parcel Number
144-05-006
Land Assessment
$14,700
Improvements Assessment
$232,155
Total Assessment
$246,855
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