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620 Cleveland Road Apartments 624 Cleveland Rd E 47 Unit Apartment Building $4,050,000 ($86,170/Unit) 9.76% Cap Rate Huron, OH 44839
Executive Summary
Discover a remarkable opportunity to invest in a portfolio (47 units) of established long-term rental buildings located in the sought-after community of Huron, Ohio.
These well-maintained buildings, with a history of steady occupancy, are ideal for investors seeking reliable income and low-risk property management. Strategically situated near Lake Erie, local schools, and employment hubs, these properties benefit from a consistent tenant demand. Each building offers practical layouts and functional amenities, catering to tenants seeking comfortable, long-term housing. With their proven rental performance, these buildings represent a solid addition to any investment portfolio. Don't miss out on this chance to acquire a collection of income-generating properties in a stable and growing rental market. Reach out today to learn more about this exciting investment opportunity! Contact agent for more details!!! *Listing agent is related to the seller
These well-maintained buildings, with a history of steady occupancy, are ideal for investors seeking reliable income and low-risk property management. Strategically situated near Lake Erie, local schools, and employment hubs, these properties benefit from a consistent tenant demand. Each building offers practical layouts and functional amenities, catering to tenants seeking comfortable, long-term housing. With their proven rental performance, these buildings represent a solid addition to any investment portfolio. Don't miss out on this chance to acquire a collection of income-generating properties in a stable and growing rental market. Reach out today to learn more about this exciting investment opportunity! Contact agent for more details!!! *Listing agent is related to the seller
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,050,000 | Building Class | C |
| Price Per Unit | $86,170 | Lot Size | 2.42 AC |
| Sale Type | Investment | Building Size | 42,744 SF |
| Cap Rate | 9.76% | Average Occupancy | 100% |
| No. Units | 47 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden |
| Price | $4,050,000 |
| Price Per Unit | $86,170 |
| Sale Type | Investment |
| Cap Rate | 9.76% |
| No. Units | 47 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.42 AC |
| Building Size | 42,744 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1978 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 47 | - | 900 |
1 1
Property Taxes
| Parcel Numbers | Total Assessment | $1,051,522 (2024) | |
| Land Assessment | $60,399 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $991,123 (2024) | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$60,399 (2024)
Improvements Assessment
$991,123 (2024)
Total Assessment
$1,051,522 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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620 Cleveland Road Apartments | 624 Cleveland Rd E
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