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15104 Euclid Ave
East Cleveland, OH 44112

STANWOOD GARDENS APTS. & RETAIL · Multifamily Property For Sale · 19 Units

INVESTMENT HIGHLIGHTS

  • 19 Units / Currently 94% Occupied / Fantastic Value Add Opportunity
  • “Guaranteed” Rent, Stable & Reliable Tenant Base with Tremendous Upside
  • Owner directs Immediate Sale of Portfolio to fund other Business opportunities!
  • The Projected Net Annual Operating Income at 100% Occupancy at Market Rents is $68,006 or a 7.56% Cap rate at the price of $900,000 ($47,368 per uni
  • Excellent Location, Bus Stops in Walking distance

PROPERTY FACTS

No. Units 19
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.74 AC
Building Size 17,303 SF
Average Occupancy 94%
No. Stories 1
Year Built 1920
Parking Ratio 0.58/1,000 SF

UNIT AMENITIES

  • Air Conditioning
  • Disposal
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Wheelchair Accessible (Rooms)

SITE AMENITIES

  • On-Site Retail

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 14 $675.00 -
2+1 3 $775.00 -

PROPERTY TAXES

ZONING

Zoning Code MF (Multi-Family walk up 7-19)
  • Listing ID: 27973423

  • Date on Market: 3/14/2023

  • Last Updated:

  • Address: 15104 Euclid Ave, East Cleveland, OH 44112