Green Bridge Real Estate is proud to offer 1874 Marloes Ave: The Marloes Apartments. Located in East Cleveland, OH. For Sale! 24 unit property with good bones, high occupancy and a corner location. The property is an outstanding value add investment opportunity with upside potential! The Portfolio consists of Twenty Four One Bedroom suites that make up the entire 24 unit complex. The exterior is primarily brick, with some tudor siding. Great opportunity to purchase an established building with room to grow the rents. Current Number of Occupied Units - 22 Average Occupancy Percentage - 90% Current Gross Annual Rental Income - $162,852 Current Net Annual Income: - $115,746 Current Cap Rate on $1,299,000 Sales Price - 8.91% Price Per Unit on $1,299,000 Sale Price - $54,125 Pro-Forma Gross Income @100% Occupancy - $216,000 Pro-Forma Net Income @100% Occupancy - $163,836 Pro-Forma Cap Rate on $1,299,000 Sales Price - 12.61%