971 E 141

Multi-Family for Sale
Catylist Listing ID: 30345108
Property Subtypes: Low-Rise/Garden
Number of Units: 9 Units
Building Size (RSF): 7,845 SF
Gross Building Area: 8,693 SF
Gross Land Area: 5,320 SF
Sale Price: $200,000
Unit Price: $22,222.22 Per Unit
Property Use Type: Investment
Building Name: Brooks Apartment
Sale Terms: Undisclosed
Cap Rate: 14.25%
Average Occupancy Rate: 89
Gross Rent Multiplier: 2.85
Last Updated: 10/26/2018

Overview / Comments

The Brooks Apartments is a 9 unit walk up apartment building that is currently 100% leased.

GRM = 2.85
Cap Rate = 14.25
NOI of $28,509

Don't miss this great investment opportunity!

Additional Details

Nearest MSA: Cleveland-Elyria
County: Cuyahoga
Tax ID/APN: 11503072
Zoning: HIGH DENSITY RESIDENTIAL
Percent Occupied: 100%
Property Located Between: St. Clair and I-90
Highway Access: I-90
Total Number of Buildings: 1
Property Condition: Fair
Number of Stories: 3
Year Built: 1924
Year Renovated: 1997
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Classic 1920s brick construction
Parking Type: Surface
Parking Description: parking available along North side of the building with a spot or two in front of the building. Plenty of on street parking available.
Laundry: Shared
Heat Type: Steam
Heat Source: Radiant
Fuel: Gas
Air Conditioning: Window Unit
Interior Description: 1920's era apartment with updates over time

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,175 138,340 309,354
Median Age: 36.4 38.76 38.44
Households: 6,818 60,282 133,267
The information presented herein is provided as is, without warranty of any kind. Neither Catylist nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.