9212 Madison Ave | Cleveland, OH 44102
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- LoopNet Team
9212 Madison Ave
Cleveland, OH 44102
Madison Avenue Apartments · Multifamily Property For Sale · 18 Units
Investment Highlights
- Currently 94.44% (17/18) occupied with a 2020 Net Operating Income of $64,393 or a 9.47% Cap Rate at the Asking Price of $680,000.00.
- New Roof (Summer 2020), New Windows, New Electrical, Security System
- Tenant Paid Heat, Submetered Utilities, Currently No Section 8 Tenants
- Highly Desirable West-side Building For Sale!
PROPERTY FACTS
| No. Units | 18 | Lot Size | 0.25 AC |
| Property Type | Multifamily | Building Size | 10,476 SF |
| Property Subtype | Apartment | Average Occupancy | 94% |
| Apartment Style | Low Rise | No. Stories | 3 |
| Building Class | C | Year Built/Renovated | 1900/2020 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 10,476 SF |
| Average Occupancy | 94% |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2020 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | $437.50 | 500 |
PROPERTY TAXES
| Parcel Number | 001-30-022 | Improvements Assessment | $89,180 |
| Land Assessment | $9,000 | Total Assessment | $98,180 |
PROPERTY TAXES
Parcel Number
001-30-022
Land Assessment
$9,000
Improvements Assessment
$89,180
Total Assessment
$98,180
zoning
| Zoning Code | 4010 - WALK-UP APTS 7-19 |
| 4010 - WALK-UP APTS 7-19 |
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