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4467 Lee Rd 9 Unit Apartment Building $992,201 CAD ($110,245 CAD/Unit) 7.14% Cap Rate Cleveland, OH 44128
Investment Highlights
- All 9 units Rented.
- Updated units, roof, etc.
Executive Summary
Solid 9 units investment property offering 100% occupancy with tenant paid gas and electric, ensuring consistently low and predictable operating expenses. The building reflects responsible ownership with major capital improvements completed in recent years, including: * New roof installation * Fresh asphalt and parking lot upgrades * Balcony renovations * Basement waterproofing Updated units With a stable tenant base, strong rental history, and significant recent updates, this property stands out as a turnkey, low maintenance addition to any investment portfolio. Ideal for investors seeking reliable cash flow and minimized future capital needs
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$113,961
|
$14.24
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$113,961
|
$14.24
|
| Taxes |
$19,912
|
$2.49
|
| Operating Expenses |
$21,687
|
$2.71
|
| Total Expenses |
$41,599
|
$5.20
|
| Net Operating Income |
$72,363
|
$9.04
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $113,961 |
| Annual Per SF | $14.24 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $113,961 |
| Annual Per SF | $14.24 |
| Taxes (CAD) | |
|---|---|
| Annual | $19,912 |
| Annual Per SF | $2.49 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $21,687 |
| Annual Per SF | $2.71 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $41,599 |
| Annual Per SF | $5.20 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $72,363 |
| Annual Per SF | $9.04 |
Property Facts
| Price | $992,201 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $110,245 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 7.14% | Building Size | 8,004 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 1.87/1,000 SF |
| Zoning | LR - Apartment | ||
| Price | $992,201 CAD |
| Price Per Unit | $110,245 CAD |
| Sale Type | Investment |
| Cap Rate | 7.14% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 8,004 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1965 |
| Parking Ratio | 1.87/1,000 SF |
| Zoning | LR - Apartment |
Amenities
Unit Amenities
- Air Conditioning
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 9 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Total Assessment | $196,038 CAD | |
| Land Assessment | $11,751 CAD | Annual Taxes | $19,912 CAD ($2.49 CAD/SF) |
| Improvements Assessment | $184,287 CAD | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$11,751 CAD
Improvements Assessment
$184,287 CAD
Total Assessment
$196,038 CAD
Annual Taxes
$19,912 CAD ($2.49 CAD/SF)
Tax Year
2025
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4467 Lee Rd
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