Sorry, 3186 Euclid Heights Boulevard is no longer available! Check out these other great properties nearby or search above to find active commercial real estate for sale or lease.
2585 Euclid Hts. is 7 Units and 2625 Euclid Hts. is 8 units and 100% occupied 2 buildings with total 15 Units with 8% Cap Rate in prime location of Cleveland Hts.
40 unit apartment building with 34 one bedrooms (average square footage is 600 SF)and 6 two bedrooms(average square footage is 840 SF); extensively renovated with updated kitchens and bathrooms, hardwood floors, on-site parking and garages, 4 story walk-up, fitness center, all apartments have one full bath; individually metered for cooking gas and electricity; owner pays gas for hot water and heat, common area electric and water, sewer and trash; window air conditioners are provided by owner; on-site fitness center and laundry machines; building wide Wi-Fi services
Green Bridge Real Estate is pleased to present the 33 Unit Yellowstone Place Apartments located at 2360-2372 Noble Road, in Cleveland Heights, Ohio 44121. The Property consists of a Three Story, All Brick Building built in 1940 totaling approximately 36,094 sq.ft. on 1.09 Acres, consisting of 9 one bedroom, one bath units approx. 650 Sq.Ft. each and 24 Two Bedroom, 1 Bath Units approx.. 925 Sq.Ft. each. Very well maintained, excellent-stabilized income stream. Currently 100% occupied and has historically been very strong. Upside potential to increase rents to market rents. Owner directs immediate sale at $1,175,000 or $35,606 per unit or an 11.22% Cap rate based on 2015 actual net operating income. The Yellowstone Place Apartments are currently 100% Occupied (33/33). The 2013 Net Annual Operating Income was $126,098 or a 10.73% Capitalization rate at the asking price of $1,175,000 ($35,606 per unit). The 2014 Net Annual Income was $120,714 or an 10.27% Cap Rate and the 2015 Net Annual Income was $131,877 or an 11.22% Cap Rate. Pro-Forma Capitalization Rate at 100% Occupancy with units rented at Market rents is 14.16%.
Please, request NDA for additional financials. This is an unique opportunity to purchase 15 duplex income producing units that have all been recently renovated to high quality. Tenants and expenses have been vetted as to actuals for presenting.