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9212 Madison Ave
Cleveland, OH 44102
Madison Avenue Apartments · Multifamily Property For Sale
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18 Units
Investment Highlights
- Currently 94.44% (17/18) occupied with a 2020 Net Operating Income of $64,393 or a 9.47% Cap Rate at the Asking Price of $680,000.00.
- New Roof (Summer 2020), New Windows, New Electrical, Security System
- Tenant Paid Heat, Submetered Utilities, Currently No Section 8 Tenants
- Highly Desirable West-side Building For Sale!
Property Facts
| No. Units | 18 | Lot Size | 0.25 AC |
| Property Type | Multifamily | Building Size | 10,476 SF |
| Property Subtype | Apartment | Average Occupancy | 94% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built/Renovated | 1900/2020 |
| Zoning | 4010 - WALK-UP APTS 7-19 | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 10,476 SF |
| Average Occupancy | 94% |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2020 |
| Zoning | 4010 - WALK-UP APTS 7-19 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | $437.50 | 500 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $448,350 | |
| Land Assessment | $157,965 | Total Assessment | $606,315 |
Property Taxes
Parcel Numbers
Land Assessment
$157,965
Improvements Assessment
$448,350
Total Assessment
$606,315
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