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2224 & 2051 Murray Hill Road 2 Multifamily Properties Offered at $1,249,668 CAD in Cleveland, OH
INVESTMENT HIGHLIGHTS
- 100% occupied with below-market rents.
- No major deferred maintenance with buildings being well-maintained.
- Well-positioned in a prime location with excellent walkability.
EXECUTIVE SUMMARY
This offering includes a 2-property apartment portfolio in Little Italy, Cleveland with a special opportunity to acquire a well-maintained multifamily portfolio in one of Cleveland’s most sought-after neighborhoods. The offering consists of 9 units across two buildings – a 4-unit and a 5-unit building, offering a balanced mix of rental income potential. The properties are 100% occupied with below-market rents providing immediate value-add for investors to increase cash flow by adjusting rents to market rates. Well-positioned in a prime location with excellent walkability. No major deferred maintenance with both buildings being well-maintained, minimizing upfront capital expenditures other than unit cosmetic improvements to capture market rent.
PROPERTY FACTS
| Price | $1,249,668 CAD | Number of Properties | 2 |
| Price / SF | $177.59 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 7,037 SF |
| Status | Active | Total Land Area | 0.24 AC |
| Price | $1,249,668 CAD |
| Price / SF | $177.59 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 7,037 SF |
| Total Land Area | 0.24 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 2051 Murray Hill Rd, Cleveland, OH 44106 | Multifamily | 4,105 SF | 1900 | - |
| 2224 Murray Hill Rd, Cleveland, OH 44106 | Multifamily | 2,932 SF | 1912 | - |
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2224 & 2051 Murray Hill Road
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