897-917 E 105th St | Cleveland, OH 44108
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- LoopNet Team
897-917 E 105th St
Cleveland, OH 44108
897-907 East 105th Street Retail / Apartments · Multifamily Property For Sale
·
14 Units
INVESTMENT HIGHLIGHTS
- 19 Units / Current Rental Income from Retail generates a 7.83% Cap
- Multi-Family is Vacant and offers a quick start of renovation
- Excellent Location, Bus Stops in Walking distance
- 24.03% Cap Rate based on unit completion and lease projections.
- Tremendous Upside / Value Add opportunity
- Owner directs Immediate Sale of Portfolio to fund other Business opportunities!
PROPERTY FACTS
| No. Units | 14 | Building Size | 13,297 SF |
| Property Type | Multifamily | Average Occupancy | 26% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1912 |
| Building Class | C | Parking Ratio | 2.26/1,000 SF |
| Lot Size | 0.24 AC | ||
| Zoning | Residential - Multi-Family | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 13,297 SF |
| Average Occupancy | 26% |
| No. Stories | 2 |
| Year Built | 1912 |
| Parking Ratio | 2.26/1,000 SF |
| Zoning | Residential - Multi-Family |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 11 | $525.00 | - |
| 1+1 | 3 | $650.00 | - |
PROPERTY TAXES
| Parcel Number | 109-12-003 | Improvements Assessment | $59,745 |
| Land Assessment | $4,655 | Total Assessment | $64,400 |
PROPERTY TAXES
Parcel Number
109-12-003
Land Assessment
$4,655
Improvements Assessment
$59,745
Total Assessment
$64,400
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