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Lakeview Suites 5216 E Lake Rd 24 Unité Immeuble d’appartements 5 548 186 $ CAD (231 174 $ CAD/Unité) 7,40% Taux de capitalisation Sheffield Lake, OH 44054
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Résumé de l'annonce
48 fully renovated units in Sheffield Lake, two buildings side by side, 100% occupied, priced at $3,975,000. That is $82,813 a door. In an operator's hands this stabilizes to a 7.4% cap on about $294,000 of NOI, with a clear path higher as rents reach market.
The building is 100% occupied with a waitlist of tenants trying to get in, and rents sit about $130 a door under market. You do not need a renovation or a repositioning to hit pro forma. Re-rent at market on natural turnover and the income climbs on its own, up to about $368,000 in NOI, a 9.26% cap.
All 48 units are done, shaker cabinets, granite, stainless, updated flooring, the whole nine yards. No gut job waiting for you. The buildings went up in 1972 and show well across 33,400 square feet. Tenants pay their own electric. Ownership covers heat, water and sewer, and trash, which is exactly where a sharp manager finds margin. On-site laundry and other income add about $35,000 a year on top of rent.
The Ford Ohio Assembly Plant sits partly inside the town's own borders, and Ford is partway through a $1.5 billion expansion there set to add 1,800 jobs. Add a lakefront setting on Lake Erie about 17 miles west of downtown Cleveland, same shoreline as Avon Lake, and you have durable tenant demand parked next door. That is why these buildings stay full with a line out the door. Clean, easy buildings to run at a basis that does not come around often. Reach out and I will get you the full financials and rent roll.
The building is 100% occupied with a waitlist of tenants trying to get in, and rents sit about $130 a door under market. You do not need a renovation or a repositioning to hit pro forma. Re-rent at market on natural turnover and the income climbs on its own, up to about $368,000 in NOI, a 9.26% cap.
All 48 units are done, shaker cabinets, granite, stainless, updated flooring, the whole nine yards. No gut job waiting for you. The buildings went up in 1972 and show well across 33,400 square feet. Tenants pay their own electric. Ownership covers heat, water and sewer, and trash, which is exactly where a sharp manager finds margin. On-site laundry and other income add about $35,000 a year on top of rent.
The Ford Ohio Assembly Plant sits partly inside the town's own borders, and Ford is partway through a $1.5 billion expansion there set to add 1,800 jobs. Add a lakefront setting on Lake Erie about 17 miles west of downtown Cleveland, same shoreline as Avon Lake, and you have durable tenant demand parked next door. That is why these buildings stay full with a line out the door. Clean, easy buildings to run at a basis that does not come around often. Reach out and I will get you the full financials and rent roll.
Salle de données Cliquez ici pour accéder à
- Offering Memorandum
Faits sur la propriété
| Prix | 5 548 186 $ CAD | Classe d’immeuble | C |
| Prix par unité | 231 174 $ CAD | Taille du lot | 0,77 AC |
| Type de vente | Investissement | Taille du bâtiment | 55 728 pi² |
| Taux de capitalisation | 7,40% | Occupation moyenne | 100% |
| Nombre d’unités | 24 | Nombre d’étages | 3 |
| Type de propriété | Immeuble residentiel | Année de construction | 1972 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 1,31/1 000 pi² |
| Style d’appartement | De faible hauteur |
| Prix | 5 548 186 $ CAD |
| Prix par unité | 231 174 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 7,40% |
| Nombre d’unités | 24 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,77 AC |
| Taille du bâtiment | 55 728 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 3 |
| Année de construction | 1972 |
| Ratio de stationnement | 1,31/1 000 pi² |
Commodités
Commodités des unités
- Climatisation
- Chauffage
- Cuisine
- Fourchette
- Bain/Douche
Commodités du site
- Accès 24 heures
- Accès contrôlé
- Sans fumée
- Sans ascenseur
- Détecteur de fumée
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 12 | - | 600 |
| 2+1 | 12 | - | 850 |
1 1
Relativement accessible à pied
20/100
Très bien adapté aux voitures
80/100
Relativement accessible en vélo
30/100
Impôts fonciers
| Numéro de lot | 03-00-034-105-031 | Évaluation des bâtiments | 349 801 $ CAD |
| Évaluation du terrain | 47 264 $ CAD | Évaluation totale | 397 065 $ CAD |
Impôts fonciers
Numéro de lot
03-00-034-105-031
Évaluation du terrain
47 264 $ CAD
Évaluation des bâtiments
349 801 $ CAD
Évaluation totale
397 065 $ CAD
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Lakeview Suites | 5216 E Lake Rd
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