Log In/Sign Up
Your email has been sent.
1747 Catalpa Rd 2 Unit Apartment Building Offered at $174,138 CAD at a 10.48% Cap Rate Cleveland, OH 44112
Investment Highlights
- Entire building was rehabbed within the last 7yrs and the same tenants have remained from that rehab
- Turnkey huge property with finished 3rd floor
- Great tenants who pay undernmarket rent purchase and make over 13k a year or put in new tenants and increase that by 50%
Executive Summary
Turnkey!!!! no work needed from clean and quiet longterm(5yrs+) tenants who want to stay, but pay under market rent. Located in a redeveloping area with plenty of upside. Market rents should be $1,200 down and $1500 up but current tenants are no problem so we have never increased rent and they are month to month. Nothing needs to done, roof, electrical, furnace, hot water tanks all are in good condition with many more years to go before any expected repairs.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$21,732
|
$9.77
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$21,732
|
$9.77
|
| Taxes |
$1,672
|
$0.75
|
| Operating Expenses |
$1,393
|
$0.63
|
| Total Expenses |
$3,065
|
$1.38
|
| Net Operating Income |
$18,668
|
$8.39
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $21,732 |
| Annual Per SF | $9.77 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $21,732 |
| Annual Per SF | $9.77 |
| Taxes (CAD) | |
|---|---|
| Annual | $1,672 |
| Annual Per SF | $0.75 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $1,393 |
| Annual Per SF | $0.63 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $3,065 |
| Annual Per SF | $1.38 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $18,668 |
| Annual Per SF | $8.39 |
Property Facts
| Price | $174,138 CAD | Property Type | Multifamily |
| Price Per Unit | $87,069 CAD | Building Size | 2,224 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 10.48% | No. Stories | 3 |
| No. Units | 2 | Year Built/Renovated | 1924/2015 |
| Price | $174,138 CAD |
| Price Per Unit | $87,069 CAD |
| Sale Type | Investment |
| Cap Rate | 10.48% |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 2,224 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1924/2015 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $905.52 CAD | 1,100 |
| 3+1 | 1 | $905.52 CAD | 1,100 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
1 of 14
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Kevin Klein
1747 Catalpa Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.