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1117 E 125th St
East Cleveland, OH 44112 East Cleveland

$1,125,000 USD

Apartments For Sale  •  24,000 SF

Property Details

  • Property Type Apartments
  • Total Building Size 24,000 SF
  • Lot Size 0.67 AC
  • Building Class C
  • Year Built 1924
55 Transit Score
58 Walk Score

Highlights

24 Units / Currently 91% occupied (22/24)
The property has been converted to Condos (all units deeded separately) for ease of individual unit sales.
9.46% Cap Rate based on projected NOI at 90% Occupancy at Market Rents
“Guaranteed” Rent, Stable & Reliable Tenant Base with Tremendous Upside
Excellent Location, Bus Stops in Walking distance
Owner directs Immediate Sale of Portfolio to fund other Business opportunities!

Amenities

  • Air Conditioning
  • Dishwasher
  • Laundry Facilities
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Wheelchair Accessible (Rooms)

Public Transportation

Commuter RailDriveWalkDistance
Cleveland Lakefront Station (Blue Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid), Green Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid)) 16 min - 7.8 mi
Transit/SubwayDriveWalkDistance
Superior (Red Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid)) 2 min 12 min 0.6 mi
AirportDriveWalkDistance
Cleveland-Hopkins International 33 min - 18.8 mi

Parking Details

Parking Available: Yes
Reserved: Yes
Spaces Provided: 24
Type: Reserved
Included in Rent: Yes
Matthew King 440-552-5858 Green Bridge Real Estate
Matthew King 440-552-5858 Green Bridge Real Estate