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481 Kenwood Dr
Euclid, OH 44123
Blisswood Village (67 Condo Portfolio) · Multifamily Property For Sale
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67 Units
Investment Highlights
- Rare opportunity to acquire 67 condo units out of 268, 25% of the entire complex!
- 89% occupied 60/67; 6 Section-8 Voucher based tenants
- The Projected Net Operating Income at 100% Occupancy at $925 rents with a 5% Management cost is $445,552 or 11.42% Cap Rate at $3,900,000
- Possibly Control the HOA Board to greatly influence HOA fees, repairs and maintenance
- Next to the City of Euclid municipal park with pool, fields, park and ice arena, across from Golf Course
- Excellent Value Add Opportunity to Increase Current Revenues with improved management, increasing rents and adding available owner occupied units to
Property Facts
| No. Units | 67 | Building Size | 68,640 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Townhome | Year Built/Renovated | 1951/2022 |
| Building Class | C | Parking Ratio | 0.92/1,000 SF |
| Lot Size | 1.74 AC | ||
| Zoning | Residential | ||
| No. Units | 67 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 1.74 AC |
| Building Size | 68,640 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1951/2022 |
| Parking Ratio | 0.92/1,000 SF |
| Zoning | Residential |
Amenities
Unit Amenities
- Cable Ready
- Basement
- Double Pane Windows
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 67 | $937.50 | 937 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $14,560 | |
| Land Assessment | $1,820 | Total Assessment | $16,380 |
Property Taxes
Parcel Numbers
Land Assessment
$1,820
Improvements Assessment
$14,560
Total Assessment
$16,380
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