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561 E 118th St
Cleveland, OH 44108
Lester Apartments · Multifamily Property For Sale
·
12 Units
Investment Highlights
- easy access
- Recent capital improvements
Property Facts
| No. Units | 12 | Lot Size | 0.26 AC |
| Property Type | Multifamily | Building Size | 15,147 SF |
| Property Subtype | Apartment | Average Occupancy | 92% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1913/1930 |
| Zoning | Commercial | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 15,147 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built/Renovated | 1913/1930 |
| Zoning | Commercial |
Amenities
Unit Amenities
- Balcony
About 561 E 118TH ST , CLEVELAND, OH 44108
1913 Brick and mortar construction. Built as three 4 units that share walls. Each section is accessed from the west side of the building. Lower units have individual doors, up units access the middle door to go up interior staircase to each up units front door. Fire-escapes on the east side of the building. Six 1 bed units are the North units in each section (up and down) the South units of each section are the 2 beds. Currently, 9 units leased. 1 is rent ready and the other 2 are under construction.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $650.00 | 850 |
| 1+1 | 8 | $550.00 | 720 |
Property Taxes
| Parcel Number | 111-05-006 | Improvements Assessment | $66,150 |
| Land Assessment | $5,985 | Total Assessment | $72,135 |
Property Taxes
Parcel Number
111-05-006
Land Assessment
$5,985
Improvements Assessment
$66,150
Total Assessment
$72,135
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