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459 E 117th St
Cleveland, OH 44108
Multifamily Property For Sale
·
8 Units
PROPERTY FACTS
| No. Units | 8 | Building Size | 6,162 SF |
| Property Type | Multifamily | Average Occupancy | 25% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1920 |
| Building Class | C | Parking Ratio | 1.29/1,000 SF |
| Lot Size | 0.12 AC | ||
| Zoning | MF-1 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 6,162 SF |
| Average Occupancy | 25% |
| No. Stories | 2 |
| Year Built | 1920 |
| Parking Ratio | 1.29/1,000 SF |
| Zoning | MF-1 |
AMENITIES
SITE AMENITIES
- Laundry Facilities
- Dry Cleaning Service
- Gas Range
ABOUT 459 E 117TH ST , CLEVELAND, OH 44108
This 8 unit which consist of 6 two bed rooms and 2 one bed rooms. The property has been 90 percent rehabbed and the last unit is being rehabbed. 2 units are occupied the decision was made to offer the property with 5 units empty which are section 8 ready. The new owner can make a choice between section 8 rental income or cash paying tenants. The asking price is 200,000 however, there is room for negotiation. Based on Pro forma numbers the estimated cap rate is between 19-23 percent truly its a deal that makes the most sense this won't last.Cash only offer no financing thank you
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $600.00 | - |
| 2+1 | 1 | $600.00 | - |
| 2+1 | 1 | $600.00 | - |
| 2+1 | 1 | $600.00 | - |
| 2+1 | 1 | $600.00 | - |
| 2+1 | 1 | $600.00 | - |
| 1+1 | 1 | $525.00 | - |
| 1+1 | 1 | $525.00 | - |
PROPERTY TAXES
| Parcel Number | 111-06-079 | Improvements Assessment | $43,925 |
| Land Assessment | $1,855 | Total Assessment | $45,780 |
PROPERTY TAXES
