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1845 Cliffview Rd
Cleveland, OH 44112 Euclid-Green

$660,000 USD

Apartments For Sale • 6,273 SF

Property Details

Property Type Apartments
Total Building Size 6,273 SF
Lot Size 0.27 AC
Building Class C
Year Built 1961
Cap Rate 14.40 %
Zoning MF-2

35 Transit Score

52 Walk Score

                
                    Highlights
                
                                This performing apartment investment boasts robust going-in income, a low vacancy, under market rents, and high rental comps in a desirable market. 
                            
                                Positioned just off Highway 20, the property is near quality shopping and dining amenities and just 20 minutes from Downtown Cleveland. 
                            
                                Strongly supported by a growing 5-mile population of more than 265,000, with almost half currently renting their homes. 
                            
                                Additional income potential to utilize section 8 government guaranteed rental program | Approximately $950/month for one-bedroom units.

Property Flyers

2024 CMHA Rent Prices

1845 cliff loop

Financial Summary (Proforma)

Net Operating Income: $95,063 USD (2024)

Cap Rate:	14.40 %
Total Expenses:	$48,937 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
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))	20 min	-	9.9 mi
Airport	Drive	Walk	Distance
Cleveland-Hopkins International	39 min	-	23.5 mi

Kevin Klein 800-993-1637 Kevin Klein

1845 Cliffview Rd Cleveland, OH 44112 Euclid-Green