This Multifamily Property is no longer advertised on LoopNet.com.

4467 Lee Rd
Cleveland, OH 44128
Multifamily Property For Sale · 9 Units

Property Facts

No. Units 9
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.14 AC
Building Size 8,004 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 1963/2017
Parking Ratio 1.87/1,000 SF
Zoning LR - Apartment

Amenities

Unit Amenities

  • Air Conditioning

Site Amenities

  • 24 Hour Access
  • Laundry Facilities

About 4467 LEE RD , CLEVELAND, OH 44128

Ready to purchase! This recently updated 9 unit Low-rise apartment building in Cleveland. Currently, 100% occupied and cash flowing. Gross Income over $71,950! Offered at a 13.8 cap rate, with a gross rent multiplier of 5.21. Additional information is available upon request. Unit mix: 2 bed - 9 units Recent Capital Improvements: - New Roof silicon App 5 Year warranty - 2017 - New furnaces throughout - 2017 - New gas system / manifolds throughout - 2017 - Masonry tuck and pointing, entire building - 2018 - Remodel 3 units - 2017

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 9 - -

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 143-13-007
  • 143-13-008
Land Assessment
$8,400
Improvements Assessment
$131,740
Total Assessment
$140,140
  • Listing ID: 15080685

  • Date on Market: 2/5/2019

  • Last Updated:

  • Address: 4467 Lee Rd, Cleveland, OH 44128

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