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16226 Arcade Ave 5 Unité Immeuble d’habitation offert à 448 890 $ CAD à un 7,55% taux de capitalisation Cleveland, OH 44110
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- M2M tenants allow you to add significant value without significant repairs immediately.
- Rare 3 car garage for parking.
- $80/ mo additional income from storage rental in the garage
- Located in Waterloo Arts district which is a unique shopping and restaurant community immersed in an art scene.
- Located in an appreciating area with a low point of entry.
Résumé de l'annonce
Located just steps from the vibrant Waterloo Arts District, this newly updated 5-unit apartment building offers a rare opportunity to own a well positioned asset in one of Cleveland’s most creative and rapidly growing neighborhoods.
The property features a diverse unit mix, including a spacious 3 bedroom unit , two 2 bedroom units, one 1 bedroom, and one studio, appealing to a wide range of tenants and maximizing rental flexibility. Recent updates such as kitchen, baths, floors, vinyl windows and paint enhance both the functionality and appeal of the building. All of the mechanicals and roof are less then 10 years old and each unit has its own furnace. No immediate capex needed.
Currently fully occupied and bringing in over 40,000 / year with a proforma income over $60,000 annually. Additional $80/ mo from storage rental in the garages. Switching to a tenant garage fee would generate more income and offer an additional amenity to 3 tenants.
All tenants are M2M allowing you to capitalize on the proforma income immediately after ownership.
Tenants pay gas and electric and taxes in this area are lower, creating more significant income. Trash is $90/mo, insurance 250/ mo and taxes just over $4000/ year. The owner currently operates below a 40% expense ratio.
Tenants will enjoy multiple parking options with a RARE detached 3 car garage, a private driveway, and ample street parking. Whether you're looking for a stabilized investment or a value add opportunity in a high demand rental corridor, this property delivers location, versatility, and long term upside.
The property features a diverse unit mix, including a spacious 3 bedroom unit , two 2 bedroom units, one 1 bedroom, and one studio, appealing to a wide range of tenants and maximizing rental flexibility. Recent updates such as kitchen, baths, floors, vinyl windows and paint enhance both the functionality and appeal of the building. All of the mechanicals and roof are less then 10 years old and each unit has its own furnace. No immediate capex needed.
Currently fully occupied and bringing in over 40,000 / year with a proforma income over $60,000 annually. Additional $80/ mo from storage rental in the garages. Switching to a tenant garage fee would generate more income and offer an additional amenity to 3 tenants.
All tenants are M2M allowing you to capitalize on the proforma income immediately after ownership.
Tenants pay gas and electric and taxes in this area are lower, creating more significant income. Trash is $90/mo, insurance 250/ mo and taxes just over $4000/ year. The owner currently operates below a 40% expense ratio.
Tenants will enjoy multiple parking options with a RARE detached 3 car garage, a private driveway, and ample street parking. Whether you're looking for a stabilized investment or a value add opportunity in a high demand rental corridor, this property delivers location, versatility, and long term upside.
Bilan financier (Réel - 2025) Cliquez ici pour accéder à |
Annuel (CAD) | Annuel par pi² (CAD) |
|---|---|---|
| Revenu de location brut |
$99,999
|
$9.99
|
| Autres revenus |
$99,999
|
$9.99
|
| Perte due à l’inoccupation |
$99,999
|
$9.99
|
| Revenu brut effectif |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Dépenses d’exploitation |
$99,999
|
$9.99
|
| Total des dépenses |
$99,999
|
$9.99
|
| Revenu net d’exploitation |
$99,999
|
$9.99
|
Bilan financier (Réel - 2025) Cliquez ici pour accéder à
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Autres revenus (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
Faits sur la propriété
| Prix | 448 890 $ CAD | Style d’appartement | Maison en ville |
| Prix par unité | 89 778 $ CAD | Taille du lot | 0,18 AC |
| Type de vente | Investissement | Taille du bâtiment | 2 912 pi² |
| Taux de capitalisation | 7,55% | Occupation moyenne | 100% |
| Multiplicateur du loyer brut | 7.67 | Nombre d’étages | 2 |
| Nombre d’unités | 5 | Année de construction | 1910 |
| Type de propriété | Immeuble residentiel |
| Prix | 448 890 $ CAD |
| Prix par unité | 89 778 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 7,55% |
| Multiplicateur du loyer brut | 7.67 |
| Nombre d’unités | 5 |
| Type de propriété | Immeuble residentiel |
| Style d’appartement | Maison en ville |
| Taille du lot | 0,18 AC |
| Taille du bâtiment | 2 912 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 2 |
| Année de construction | 1910 |
Commodités
Commodités des unités
- Prêt pour le câble
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| Studios | 1 | 759,66 $ CAD | - |
| 1+1 | 1 | 897,78 $ CAD | - |
| 3+1 | 1 | 828,72 $ CAD | - |
1 1
Assez praticable à pied
40/100
Exceptionnellement facile d’accès en voiture
90/100
Transports en commun limités
30/100
Plutôt praticable en vélo
40/100
Impôts fonciers
| Numéro de lot | 113-20-049 | Évaluation totale | 55 743 $ CAD |
| Évaluation du terrain | 5 526 $ CAD | Impôts annuels | (1 $) CAD (0,00 $ CAD/pi²) |
| Évaluation des bâtiments | 50 217 $ CAD | Année d’imposition | 2025 |
Impôts fonciers
Numéro de lot
113-20-049
Évaluation du terrain
5 526 $ CAD
Évaluation des bâtiments
50 217 $ CAD
Évaluation totale
55 743 $ CAD
Impôts annuels
(1 $) CAD (0,00 $ CAD/pi²)
Année d’imposition
2025
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Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
1 de 1
Présenté par
16226 Arcade Ave
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