37822 Euclid Avenue
Willoughby, OH 44094
$650,000
48 Total Photos [Click to View All]
Listing Details
- $650,000
- MLS# 5235006
- Type Commercial - Business
- Status Active
Home Value Estimate
Description
Fantastic opportunity for the savvy investor. Grab this 5 unit, fully rented apartment complex that yields a great return of roughly 10% cap. Each of the 5 units features 1 bedroom, living room, kitchen, and a full basement. They each have a front and back entrance with the exception of one unit. Parking is plentiful. They all pay roughly $1,400 per month rent, plus they pay an extra $200 each to cover utilities. Current seller pays all the utilities for the building. Gross income is roughly $96,000 per year, with expenses as follows: utilities $12,000. Maintenance $6,000. Insurance $5,000. Taxes $6,464 with a net of $66,536. Pictures of...read more
Features
- Wall Unit(s)
- Forced Air, Gas
- 1.0 Story
- $6,464 / year Taxes
- Public
- Built in 1961
Gallery
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Listed By
Agency Name: The Agency Cleveland Northcoast
Agency Contact: mary.markulis@theagencyre.com, 330-618-2118
Shown By
Agency Title: Old Colony, REALTORS®
Agency Contact: Contact
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The photos may be altered, edited, enhanced or virtually staged.
Privacy Policy / DMCA Notice / ADA Accessibility
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