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Park View Estates 1832-1864 Forest Hills Blvd 70 Unit Apartment Building $6,398,837 CAD ($91,412 CAD/Unit) 8.50% Cap Rate Cleveland, OH 44112
Investment Highlights
- Large Parking Area
- Close proximity to University Circle
- 10-12 Car Parking Garage
Executive Summary
55 Newly renovated units
Property Facts
| Price | $6,398,837 CAD | Building Class | C |
| Price Per Unit | $91,412 CAD | Lot Size | 4.04 AC |
| Sale Type | Investment | Building Size | 60,822 SF |
| Cap Rate | 8.50% | Average Occupancy | 99% |
| No. Units | 70 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1944 |
| Property Subtype | Apartment | Parking Ratio | 0.87/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | MF, Cleveland | ||
| Price | $6,398,837 CAD |
| Price Per Unit | $91,412 CAD |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| No. Units | 70 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.04 AC |
| Building Size | 60,822 SF |
| Average Occupancy | 99% |
| No. Stories | 3 |
| Year Built | 1944 |
| Parking Ratio | 0.87/1,000 SF |
| Zoning | MF, Cleveland |
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Maintenance on site
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 42 | - | 680 - 980 |
| 2+1 | 27 | - | 800 - 1,190 |
Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 672-19-002 | Improvements Assessment | $595,196 CAD |
| Land Assessment | $171,122 CAD | Total Assessment | $766,318 CAD |
Property Taxes
Parcel Number
672-19-002
Land Assessment
$171,122 CAD
Improvements Assessment
$595,196 CAD
Total Assessment
$766,318 CAD
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Park View Estates | 1832-1864 Forest Hills Blvd
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