1376-1380 W 112th St
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1376-1380 W 112th St
34 Unit Apartment Building $1,775,000 ($52,206/Unit) 7.32% Cap Rate Cleveland, OH 44102
Investment Highlights
- Well-located, well-maintained 34-unit investment opportunity.
- On-site laundry facilities owned by seller.
- New windows and roof installed in 2019.
- Spacious living areas with hardwood floors.
Executive Summary
Well-located, well-maintained 34-unit investment opportunity. Rising neighborhood, walkable to Detroit Avenue commercial corridor near Lakewood border. High occupancy property (30-32 units occupied historically over last 2+ years). New windows & roof installed 2019. Exterior brick work completed in 2019 (clean/tuck pointing). Boiler replacement scheduled for April 2023. On-site laundry facilities (equipment owned by seller, no third party contract).
Property Facts
| Price | $1,775,000 | Apartment Style | Low Rise |
| Price Per Unit | $52,206 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 7.32% | Building Size | 54,828 SF |
| No. Units | 34 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment |
| Price | $1,775,000 |
| Price Per Unit | $52,206 |
| Sale Type | Investment |
| Cap Rate | 7.32% |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 54,828 SF |
| No. Stories | 3 |
| Year Built | 1910 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 34 | - | - |
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Walk Score ®
Very Walkable (83)
Bike Score ®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 001-18-071 | Improvements Assessment | $333,410 |
| Land Assessment | $22,930 | Total Assessment | $356,340 |
PROPERTY TAXES
Parcel Number
001-18-071
Land Assessment
$22,930
Improvements Assessment
$333,410
Total Assessment
$356,340
zoning
| Zoning Code | D-2, Cleveland |
| D-2, Cleveland |
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Eric Schreibman -
Power Broker Rico Pietro -
Power Broker Kirsten Paratore -
Robby Martinelli -
Cushman & Wakefield | CRESCO Real Estate
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1376-1380 W 112th St
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