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Storefront + 5 Apartments 8621 Denison Ave 5 Unit Apartment Building $614,547 CAD ($122,909 CAD/Unit) 11.73% Cap Rate Cleveland, OH 44102
Executive Summary
Income-producing 6-unit building in the heart of Cleveland's West Side, featuring 3 one-bedroom, one-bath , 2 two-bedroom, one bath apartments and 1 storefront. All apartment tenants are Section 8, paying their own electric and gas, while the owner covers water and sewer. Current rents: Unit 1 $840/month (month-to-month since 8/22), Unit 2 $839month, Unit 3 $810/month (month-to-month since 7/23), Unit 4 $974/month (lease expires 8/26), Unit 5 $999/month (month-to-month since 10/23), and the storefront $1,000/month (lease expires 7/26). Well-maintained and turnkey, this property offers reliable cash flow and excellent investment potential. Located on a bus line and just minutes from downtown, the airport, and freeway access, this building is a prime opportunity for investors seeking immediate income in a high-demand area.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$72,805
|
$8.95
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$72,805
|
$8.95
|
| Taxes |
$7,889
|
$0.97
|
| Operating Expenses |
$9,226
|
$1.13
|
| Total Expenses |
$17,116
|
$2.10
|
| Net Operating Income |
$55,689
|
$6.85
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $72,805 |
| Annual Per SF | $8.95 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $72,805 |
| Annual Per SF | $8.95 |
| Taxes (CAD) | |
|---|---|
| Annual | $7,889 |
| Annual Per SF | $0.97 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $9,226 |
| Annual Per SF | $1.13 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $17,116 |
| Annual Per SF | $2.10 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $55,689 |
| Annual Per SF | $6.85 |
Property Facts
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Tub/Shower
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 017-30-011 | Total Assessment | $69,658 CAD |
| Land Assessment | $6,980 CAD | Annual Taxes | $7,889 CAD ($0.97 CAD/SF) |
| Improvements Assessment | $62,678 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
017-30-011
Land Assessment
$6,980 CAD
Improvements Assessment
$62,678 CAD
Total Assessment
$69,658 CAD
Annual Taxes
$7,889 CAD ($0.97 CAD/SF)
Tax Year
2025
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Storefront + 5 Apartments | 8621 Denison Ave
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