๐Ÿ”ฅ ๐Ÿ  9% Cap!! 8 Unit Cash-flowing Building in Cleveland Heights ๐Ÿ”ฅ ๐Ÿ 

Cuyahoga County, Cleveland Heights, OH, 44121 View full address
$485,000
7708 sq ft
Sold

Facts and Features

Type
Multi family
Parking
Assigned
Year build
1956
Lot size
15960.00 sqft
Bedrooms
14
Sq. Footage
7708
Bathrooms
8

Summary

The Numbers:

Purchase: $485,000

GOI: $61,200

NOI: $43,200

Cap Rate: 9%      

 

Comps:

657 S Belvoir Blvd Cleveland, OH 44121

 

Details:

8 suites. Six 2 beds 1 bath and Two 1 beds 1 bath. Tenants have been there forever month to month. 650 for the 2 beds. 1 bed 600 month. Market Rent from what I saw is ~$800 for 2 bed and ~700 for 1 bed. 

EMD:               $10,000

Estimated Spread

$550,000
ARV
-$485,000
Price
$65,000
Spread

Videos

Garage

Exterior

Unit 1

Street View

Location and Comparables

Bedrooms
Bathrooms
Sq. footage
Last Sale Date
Last Sale Price
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