885 S Green Road
South Euclid, OH 44121
$1,799,000
Listing Details
- $1,799,000
- MLS# 5236791
- Type Commercial - Business
- Status Active
Home Value Estimate
Description
Stabilized 18-unit multifamily portfolio in great rental market! Consisting of two neighboring brick apartment buildings in South Euclid, these units offer immediate cash flow with limited deferred maintenance and room for continued rent growth. The property includes sixteen 2-bedroom and two 1-bedroom apartments and is currently producing an 7.73% cap rate with a projected 8.69% pro forma cap rate through normal lease renewals and one remaining vacancy. Ownership has invested over $224,000 in recent capital improvements, including renovated kitchens and baths, updated flooring, electrical panel upgrades, mechanical improvements, security...read more
Features
- Central Air, Window Unit(s)
- Forced Air
- 3.0 Stories
- $39,588 / year Taxes
- Public
- Built in 1958
Gallery
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Listed By
Agency Name: Keller Williams Living
Agency Contact: Erinthomas@kwcommercial.com, 440-670-2300
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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