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1875 Forest Hills Blvd 41 Unit Apartment Building $2,061,960 CAD ($50,292 CAD/Unit) Cleveland, OH 44112

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INVESTMENT HIGHLIGHTS

  • $1,500,000 41 unit building ($36,000 a unit)
  • Strong rental area very solid building

EXECUTIVE SUMMARY

41 Unit Apartment Building$1,499,000 ($36,585/Unit) East Cleveland, OH 44112
Solid building vacant big rehab but has good bones needs we assume about $900,000 to $1,000,000 depending on finishes but when finished will be quite a cash cow.
Cap rate well over 11% if purchase and rehab are under $3,500,000 as all units should rent for more than $1,000/month

PROPERTY FACTS

Price $2,061,960 CAD
Price Per Unit $50,292 CAD
Sale Type Investment
No. Units 41
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Garden
Building Class F
Lot Size 1.42 AC
Building Size 40,000 SF
Average Occupancy 0%
No. Stories 3
Year Built 1942

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
672-21-003
Land Assessment
$59,225 CAD
Improvements Assessment
$378,186 CAD
Total Assessment
$437,412 CAD
  • Listing ID: 38957981

  • Date on Market: 2026-01-03

  • Last Updated:

  • Address: 1875 Forest Hills Blvd, Cleveland, OH 44112

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