8201 Madison Ave | Cleveland, OH 44102
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- LoopNet Team
8201 Madison Ave
Cleveland, OH 44102
Madison Apartments · Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Included in a 20 Total Unit Three Building Portfolio Sale. Can be purchased individually or in bulk.
- Projected Cap Rate at 100% occupancy with all Units rented at market rates is 8.41%
- Six (6) Two (2) Bedroom, 1 Bathroom Units approximately 650 Sq.Ft. each
- Currently 83% Occupied (5 of 6 units), Located within walking distance to the Gordon Square district, one of the hottest areas in Cleveland
- Outstanding turn-key opportunity for a seasoned investor or an investor with minimal experience
- For Sale at $224,900 or $37,483 per unit
PROPERTY FACTS
| No. Units | 6 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 8,160 SF |
| Property Subtype | Apartment | Average Occupancy | 83% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1918/1950 |
| Zoning | Multi-Family | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 8,160 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built/Renovated | 1918/1950 |
| Zoning | Multi-Family |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | $600.00 | - |
PROPERTY TAXES
| Parcel Number | 006-03-031 | Improvements Assessment | $98,280 |
| Land Assessment | $5,005 | Total Assessment | $103,285 |
PROPERTY TAXES
Parcel Number
006-03-031
Land Assessment
$5,005
Improvements Assessment
$98,280
Total Assessment
$103,285
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