7102 Carnegie Ave | Cleveland, OH 44103
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- LoopNet Team
7102 Carnegie Ave
Cleveland, OH 44103
MONTICELLO APARTMENTS · Multifamily Property For Sale
·
24 Units
INVESTMENT HIGHLIGHTS
- Located in Opportunity Zone, hotbed of redevelopment activity in MidTown
- Excellent Location near Cleveland Clinic, Bus Stops in Walking distance
- 24 Units / Currently 79% Occupied
- Tremendous Upside to operate as high-end housing for Cleveland Clinic employees/patients, possible condo conversion and/or short term rentals (AirBNB)
- 10.13% Projected Cap Rate at 100% Occupancy at Market Rates
PROPERTY FACTS
| No. Units | 24 | Building Size | 32,693 SF |
| Property Type | Multifamily | Average Occupancy | 79% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1910/2021 |
| Building Class | C | Parking Ratio | 0.14/1,000 SF |
| Lot Size | 0.34 AC | ||
| Zoning | MMUD-3 | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 32,693 SF |
| Average Occupancy | 79% |
| No. Stories | 4 |
| Year Built/Renovated | 1910/2021 |
| Parking Ratio | 0.14/1,000 SF |
| Zoning | MMUD-3 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 24 | $722.50 | 1,000 |
PROPERTY TAXES
| Parcel Number | 118-25-122 | Improvements Assessment | $380,030 |
| Land Assessment | $20,580 | Total Assessment | $400,610 |
PROPERTY TAXES
Parcel Number
118-25-122
Land Assessment
$20,580
Improvements Assessment
$380,030
Total Assessment
$400,610
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