This Multifamily Property is no longer advertised on LoopNet.com.
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 |
LINKS
ZONING
Zoning Code | Multi-Family (APTS 17-39) |
Learn More About Investing in Apartment Buildings
Listing ID: 27983506
Date on Market: 3/15/2023
Last Updated:
Address: 15112 Euclid Ave, East Cleveland, OH 44112
The Multifamily Property at 15112 Euclid Ave, East Cleveland, OH 44112 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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