14201 Westropp Ave - Apartments FOR SALE


Cleveland, OH 44110- North Collinwood
$174,900 USD
440-526-9400
14201 Westropp Ave, Cleveland, OH for Sale
$174,900 USD
Apartments - FOR SALE
1/31
null | Request Cap Rate

14201 Westropp Ave
Cleveland, OH 44110
North Collinwood


HIGHLIGHTS

  • Solid Brick 5-Unit in Up-and-Coming Location!
  • Perfectly suited for a Section 8 strategy
  • Potential to gross $65,000 annually
  • Located near the vibrant Waterloo Arts District & iconic Beachland Ballroom and Tavern
  • Individual hot water heaters / furnaces in each unit

OVERVIEW

Prime Investment Opportunity – Solid Brick 5-Unit in Up-and-Coming Location! Located near the vibrant Waterloo Arts District and iconic destinations like the Beachland Ballroom and Tavern, this 5-unit brick building offers incredible potential for savvy investors. The property requires a full renovation but features two 1-bedroom units and three 3-bedroom, 1-bath units, with individual hot water heaters and furnaces—leaving the owner responsible only for water/sewer. Once updated and rented, this property is poised to gross approximately $65,000 annually and is perfectly suited for a Section 8 strategy. Don’t miss this chance to transform this building into a high-performing, cash-flowing asset!

FOR SALE DETAILS

PRICE

$174,900 USD

PRICE/SF

$21 USD /SF

# OF UNITS

5

PRICE/UNIT

$34,980

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5-Unit Brick Apt Building in Prime Location

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

-

APN/PARCEL ID

112-19-011

ASK ABOUT THIS PROPERTY

Ted ShoafRussell Real Estate ServicesMore Info
440-526-9400

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Ted ShoafRussell Real Estate ServicesMore Info
440-526-9400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.