Euclid-Hastings | 15632 Euclid Ave
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Euclid-Hastings 15632 Euclid Ave
51 Unit Apartment Building $899,000 ($17,627/Unit) East Cleveland, OH 44112
Executive Summary
Green Bridge Real Estate is pleased to present the Euclid Hastings Apartment Building. A 51 unit multifamily building , 50 - 1 bed units and 1 - 2 bed unit. Currently a clean shell, that is ready to rehab. Proforma GI of $504,900, with an estimated monthly income of $42,075. Proforma NOI of $302,940 which would be a 23.32% cap rate on the asking price of $1,299,000.
Please call or email Jason Griffith to schedule your tour today!
Please call or email Jason Griffith to schedule your tour today!
Property Facts
| Price | $899,000 | Apartment Style | Mid Rise |
| Price Per Unit | $17,627 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Sale Conditions | Building in Shell Condition | Construction Status | Under Renovation |
| No. Units | 51 | Building Size | 35,282 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1927/2024 |
| Price | $899,000 |
| Price Per Unit | $17,627 |
| Sale Type | Investment |
| Sale Conditions | Building in Shell Condition |
| No. Units | 51 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.34 AC |
| Construction Status | Under Renovation |
| Building Size | 35,282 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1927/2024 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 43 | - | 469 |
| 1+1 | 8 | - | 710 |
PROPERTY TAXES
| Parcel Number | 673-11-007 | Improvements Assessment | $4,730 |
| Land Assessment | $5,640 | Total Assessment | $10,360 |
PROPERTY TAXES
Parcel Number
673-11-007
Land Assessment
$5,640
Improvements Assessment
$4,730
Total Assessment
$10,360
zoning
| Zoning Code | U3 (4070 - ELEVATOR APTS 40+ U) |
| U3 (4070 - ELEVATOR APTS 40+ U) |
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Euclid-Hastings | 15632 Euclid Ave
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