3355 W 43rd St | Cleveland, OH 44109
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- LoopNet Team
3355 W 43rd St
Cleveland, OH 44109
9.4% CAP RATE FULTON APARTMENTS (10-UNITS) · Multifamily Property For Sale · 10 Units
INVESTMENT HIGHLIGHTS
- 10-UNIT PORTFOLIO OF APARTMENTS IN THE FAMOUS CLARK-FULTON NEIGHBORHOOD OF CLEVELAND, OH.
- 100% OCCUPIED! LONG-TERM TENANTS ON SHORT TERM LEASES WITH SIGNIFICANTLY BELOW MAKRET AVERAGE RENTAL RATES!
- RECENT IMPROVEMENTS INCLUDE UPDATED ROOFING, ELECTRICAL UPGRADES, NEW BATHROOMS, NEW HVAC UNITS, AND MUCH MORE!
- 9.4% CAP RATE IN 2024 (IN-PLACE)! 11.4% CAP RATE IN 2025! 13% CAP RATE IN 2026! 14% CAP RATE BY 2027!
- SELLER FINANCING AVAILABLE! MASSIVE UPSIDE FOR A BUYER TO INSTANTLY RAISE RENTS AND OBTIAN A 10.2%+ CAP RATE!
- RARE OPPORTUNITY TO OWN AN AMAZING VALUE ADD PROPERTY IN THE FAMOUS CLARKF ULTON NEIGHBORHOOD OF CLEVELAND OHIO!
PROPERTY FACTS
| No. Units | 10 | Building Size | 10,985 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1987/2023 |
| Building Class | C | Parking Ratio | 2/1,000 SF |
| Lot Size | 0.10 AC |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 10,985 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1987/2023 |
| Parking Ratio | 2/1,000 SF |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- Vaulted Ceiling
- Refrigerator
- Oven
- Tub/Shower
- Views
- Carpet
- Wi-Fi
- Yard
- Garden
- Island Kitchen
- Lawn
- Smoke Free
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
- Grill
- Wheelchair Accessible
- Smoke Free
- Trash Pickup - Curbside
- Vintage Building
- Wi-Fi
- Public Transportation
PROPERTY TAXES
| Parcel Number | 015-06-147 | Improvements Assessment | $56,573 |
| Land Assessment | $3,334 | Total Assessment | $59,907 |
PROPERTY TAXES
Parcel Number
015-06-147
Land Assessment
$3,334
Improvements Assessment
$56,573
Total Assessment
$59,907
ZONING
| Zoning Code | LR (Multifamily) |
| LR (Multifamily) |
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