16015 Euclid Ave - Apartments FOR SALE


Cleveland, OH 44112
$1,900,000 USD
216-800-8426
16015 Euclid Ave, Cleveland, OH for Sale
$1,900,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

16015 Euclid Ave
Cleveland, OH 44112


HIGHLIGHTS

  • Excellent location with easy access to main highways.
  • Be a part of the planned redevelop in East Cleveland and be ready to lease.

OVERVIEW

Property back on market - buyer fell out of contract. A recent fire damaged 6-8 of the units, building has been secured and needs rehab due to squatters Great location and value if rent ready units should lease at $750 for one bedroom and $900 for two bedroom units.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$35 USD /SF

# OF UNITS

71

PRICE/UNIT

$26,761

CAP RATE

Request Cap Rate

% LEASED

72%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hanover House Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1965

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

Commercial

APN/PARCEL ID

673-03-047,673-03-048

ASK ABOUT THIS PROPERTY

Corinne Bozin-GrizzellHotdoors, LLCMore Info
216-800-8426

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Corinne Bozin-GrizzellHotdoors, LLCMore Info
216-800-8426

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