3173 W 38th

Multi-Family for Sale
Catylist Listing ID: 30317599
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 3,850 SF
Gross Land Area: 0.12 Acres
Sale Price: $165,000
Unit Price: $41,250 Per Unit
Property Use Type: Investment
Building Name: 3173 W 38th
Sale Terms: Undisclosed
Cap Rate: 10.9%
Average Occupancy Rate: 100
Last Updated: 10/2/2018

Overview / Comments

Fully occupied 4 unit on Cleveland's West side. Monthly gross rents north of $2,000 and an annual NOI of about $18,000. The property is in good shape with very little deferred maintenance.

Additional Details

Nearest MSA: Cleveland-Elyria
County: Cuyahoga
Tax ID/APN: 00730060
Zoning: COMMERCIAL/RESIDENTIAL
Percent Occupied: 100%
Highway Access: I-90 and 71
Airports: Cleveland Hopkins, Burke Lakefront
Site Description: a 3850 SF building with 4 units on a .12 acre site
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1924
Year Renovated: 2015
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: 4 spaces, behind the building
Total Parking Spaces: 4
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 32,570 154,557 367,912
Median Age: 31.44 33.87 36.1
Households: 11,971 64,612 156,788
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