1204 Auburn Ave - Apartments FOR SALE


Cleveland, OH 44113- Tremont
$585,000 USD
1204 Auburn Ave, Cleveland, OH for Sale
$585,000 USD
Apartments - FOR SALE
1/40
null | Request Cap Rate

1204 Auburn Ave
Cleveland, OH 44113
Tremont


HIGHLIGHTS

  • Rare opportunity minutes from Downtown Cleveland.
  • Around the corner from parks, schools, pubs, eateries and entertainment.
  • Not far from the Cleveland clinic and other hospitals.
  • Easy highway access.

OVERVIEW

Welcome to 1204 & 1206 Auburn Ave! A five unit apartment building in the heart of TREMONT!! Calling investors for a wonderful opportunity to own this piece of property. 4/5 units occupied. Two one bed one bath units, a completely renovated two bed one bath 2025, a three bed one bath and a renovated four bed one bath 2023. Gross income of 56k/year with much room for growth. Two buildings with a common basement under 1204 and two separate partial basements for the two units of 1206. All very dry. Updated electrical. Back unit has newer appliances and has been recently gutted, painted, new carpet & new flooring down to replacing the drywall. All newer water tanks and a newer furnace. Some rents are currently under market value. Rare opportunity minutes from Downtown Cleveland, around the corner from parks, schools, pubs, eateries and entertainment. Not far from the Cleveland clinic and other hospitals with easy highway access. Inquire to agent regarding specifics on recent updates, rent roll and building financials. Unit Details: 1204 Auburn Ave Unit 1: 1 BR/1 BA at $650/mo Unit 2: 1 BR/1 BA at $950/mo Unit 3: 2 BR/1 BA at $1000/mo 1206 Auburn Ave Unit 1: 3 BR/1 BA at $984/mo Unit 2: 4 BR/1 BA at $1300/mo

FOR SALE DETAILS

PRICE

$585,000 USD

PRICE/SF

$149 USD /SF

# OF UNITS

5

PRICE/UNIT

$117,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,530 SF

ZONING

2F

APN/PARCEL ID

004-21-096

ASK ABOUT THIS PROPERTY

Matt ChaseKeller WilliamsMore Info

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