3425 E 128th St

10 Unit Apartment Building $299,000 ($29,900/Unit) Cleveland, OH 44120

INVESTMENT HIGHLIGHTS

  • Great Quiet Location
  • Low taxes and expenses

EXECUTIVE SUMMARY

Solid building, on a great quiet street, across from church, most walls, floors, doors in good condition, but a lot of work needed to get this back to former glory , some framing from leak in roof(repaired) need ten( kitchens, baths furnaces, hotwater tanks), some plumbing, property has electricity but central meter bases need upgrading, assume about 200k in rehab, 100 new windows have been ordered about 20 have been installed and will be included in price. Good property owner is a contractor but has too many other
projects so will reluctantly part with building. All units have kitchen, bath living room bedroom and dining/bedroom. Cash Cow!!!

ATTACHMENTS

cmha rents 2025
Proforma

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

PROPERTY FACTS

Price $299,000
Price Per Unit $29,900
Sale Type Investment
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Building Size 9,000 SF
Average Occupancy 0%
No. Stories 2
Year Built/Renovated 1925/1985

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 10 - 900

PROPERTY TAXES

  • Listing ID: 34657621

  • Date on Market: 1/30/2025

  • Last Updated:

  • Address: 3425 E 128th St, Cleveland, OH 44120