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8500 Superior Ave
Cleveland, OH 44106
Park 85 Apartments · Multifamily Property For Sale
·
35 Units
Investment Highlights
- Year 7 of 20 year Housing Assistance Program Contract, Guaranteed Income!
- For Sale: $1,125,000 ($32,142 per unit), 12.82% Actual 2018 Cap Rate w/Management Costs removed
- Stable, well maintained Apartment complex
- 35 Units / 9 Three Bedroom, 20 Two Bedroom & 6 One Bedroom, One Bath Units
- Currently & Historically Very Well Occupied
- Excellent Location near Cleveland Clinic, Shopping, Bus Stops in Walking distance
Property Facts
| No. Units | 35 | Building Size | 37,724 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1925 |
| Building Class | C | Parking Ratio | 1.01/1,000 SF |
| Lot Size | 0.75 AC | ||
| Zoning | MF-1 | ||
| No. Units | 35 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.75 AC |
| Building Size | 37,724 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1925 |
| Parking Ratio | 1.01/1,000 SF |
| Zoning | MF-1 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $714.00 | 623 |
| 2+1 | 20 | $888.00 | 820 |
| 3+1 | 9 | $1,034 | 1,128 |
Property Taxes
| Parcel Number | 107-14-017 | Improvements Assessment | $395,710 |
| Land Assessment | $18,235 | Total Assessment | $413,945 |
Property Taxes
Parcel Number
107-14-017
Land Assessment
$18,235
Improvements Assessment
$395,710
Total Assessment
$413,945
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