4820-4826 Broadview Rd
Cleveland, OH 44109
HTS · Multifamily Property For Sale
·
14 Units
Property Facts
| No. Units | 14 | Building Size | 10,764 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1953 |
| Building Class | C | Parking Ratio | 1/1,000 SF |
| Lot Size | 0.63 AC | ||
| Zoning | C1, Cleveland | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.63 AC |
| Building Size | 10,764 SF |
| Average Occupancy | 93% |
| No. Stories | 3 |
| Year Built | 1953 |
| Parking Ratio | 1/1,000 SF |
| Zoning | C1, Cleveland |
About 4820-4826 BROADVIEW RD , CLEVELAND, OH 44109
Great opportunity to own this 14 unit brick apartment building which consists of 14- 1 Bedroom units. 2 of the units have been completely renovated from A-Z (new granite counter-tops, brand new white cabinets, freshly painted throughout, new flooring throughout, etc) and some deferred maintenance has been completed for occupied units. This property is currently 93% occupied with gross rents totaling $7,110 per month. Assuming the vacant unit is leased for $565/mo, your gross rental income would increase to $92,100/yr. Laundry income also has the opportunity to add an additional $1,400+/year ($100 per unit) in income, which yields a gross potential income of $93,500 per year! Owner pays for trash, water/sewer, common area electric, and common area gas. Electric and gas are separately metered! Rent-roll uploaded in docs.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | $532.50 | 650 |
Property Taxes
| Parcel Number | 011-19-135 | Improvements Assessment | $159,740 |
| Land Assessment | $28,665 | Total Assessment | $188,405 |
Property Taxes
