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15112 Euclid Ave
East Cleveland, OH 44112

EUCLID GARDEN APARTMENTS · Multifamily Property For Sale · 24 Units

INVESTMENT HIGHLIGHTS

  • 24 Units / Currently 79% 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 $97,444 or a 7.80% Cap rate at the price of $1,250,000 ($52,083 per u
  • Excellent Location, Bus Stops in Walking distance

PROPERTY FACTS

No. Units 24
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.46 AC
Building Size 15,456 SF
Average Occupancy 79%
No. Stories 3
Year Built/Renovated 1960/2016
Parking Ratio 1.55/1,000 SF

UNIT AMENITIES

  • Air Conditioning
  • Disposal
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range

SITE AMENITIES

  • Laundry Facilities

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 24 $587.50 600

ZONING

Zoning Code Multi-Family (APTS 17-39)
  • Listing ID: 27983506

  • Date on Market: 3/15/2023

  • Last Updated:

  • Address: 15112 Euclid Ave, East Cleveland, OH 44112