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1832 Willowhurst Rd 17 Unit Apartment Building $601,843 CAD ($35,403 CAD/Unit) Cleveland, OH 44112
Investment Highlights
- Solid Brick 17 unit, Plans Approved Permits Pulled ready for rehab
- Location Location Location strong rental area CMHA payment standards: ~$1,050/mo for 1BD
- Priced right and ready for rehab
Executive Summary
17unit with approved city plans and permits already pulled. Property need some roof repair 20k max but is now no longer leaking and outside work for steps and tuck pointing assume 30k. The Major mechanicals ,Plumbing,Electric and HVAC mostly complete(20k). 17 units needing various repairs. 6 units needing a lot of repair from prior water leaks the rest not bad and only needs mostly carpet and paint. This is a historically fully rented building and most 10+ unit multi families in the immediate area have low occupancy, the power and lights are already on and property is secured with a remote security system so its ready for your crew to walk through to get estimates for repairs. Potential Cash Cow should gross over 190k a year(1k per unit) and net well over 100k/year when managed like similar properties in the area. Dont miss this one. 5miles from the Cleveland Clinic main campus,4miles from Case Western Reserved College, Perfect for College Students.
Property Facts
| Price | $601,843 CAD | Building Class | C |
| Price Per Unit | $35,403 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 12,987 SF |
| Sale Condition | Redevelopment Project | Average Occupancy | 0% |
| No. Units | 17 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1927 |
| Property Subtype | Apartment | Parking Ratio | 0.71/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | N/Av, Cleveland | ||
| Price | $601,843 CAD |
| Price Per Unit | $35,403 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 12,987 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 1927 |
| Parking Ratio | 0.71/1,000 SF |
| Zoning | N/Av, Cleveland |
Amenities
Unit Amenities
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 17 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 117-16-104 | Improvements Assessment | $148,861 CAD |
| Land Assessment | $5,493 CAD | Total Assessment | $154,354 CAD |
Property Taxes
Parcel Number
117-16-104
Land Assessment
$5,493 CAD
Improvements Assessment
$148,861 CAD
Total Assessment
$154,354 CAD
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Presented by
Kevin Klein
1832 Willowhurst Rd
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