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5275 E 126th St
Garfield Heights, OH 44125
Tinkers Creek Apartments · Multifamily Property For Sale
·
96 Units
Investment Highlights
- Excellent Value Add Opportunity to Increase Current Revenues with improved management, expense roll backs and increasing rents.
- The Projected Net Operating Income at 100% Occupancy at Market Rates with a 6% Management cost is $472,491 or 10.99% Cap Rate at $4,299,000
- Neighbors 315 Bed, Cleveland Clinic Marymount Hospital and Tinkers Creek Metroparks
- Fantastic combo of location and an ideal mix of units w/ 30 1 Bed, 1 Bath units, 55 2 Bed, 1 Bath units & 12 3 Bed, 1 Bath units
- Out of State Ownership is directing the immediate sale of Tinkers Creek Apartments in order to exit the Cleveland market.
Property Facts
| No. Units | 96 | Building Size | 92,232 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1962/2000 |
| Building Class | C | Parking Ratio | 1.33/1,000 SF |
| Lot Size | 3.17 AC | ||
| Zoning | U-3 | ||
| No. Units | 96 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.17 AC |
| Building Size | 92,232 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1962/2000 |
| Parking Ratio | 1.33/1,000 SF |
| Zoning | U-3 |
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Wheelchair Accessible (Rooms)
Site Amenities
- Laundry Facilities
- Pet Play Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 29 | $622.50 | 545 |
| 2+1 | 55 | $794.00 | 730 |
| 3+1 | 12 | $774.00 | 775 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $902,335 | |
| Land Assessment | $193,305 | Total Assessment | $1,095,640 |
Property Taxes
Parcel Numbers
Land Assessment
$193,305
Improvements Assessment
$902,335
Total Assessment
$1,095,640
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