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This Multifamily Property is no longer advertised on LoopNet.ca.

9212 Madison Ave
Cleveland, OH 44102

Madison Avenue Apartments · Multifamily Property For Sale · 18 Units

Investment Highlights

  • Currently 94.44% (17/18) occupied with a 2020 Net Operating Income of $64,393 or a 9.47% Cap Rate at the Asking Price of $680,000.00.
  • New Roof (Summer 2020), New Windows, New Electrical, Security System
  • Tenant Paid Heat, Submetered Utilities, Currently No Section 8 Tenants
  • Highly Desirable West-side Building For Sale!

PROPERTY FACTS

No. Units 18
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.25 AC
Building Size 10,476 SF
Average Occupancy 94%
No. Stories 3
Year Built/Renovated 1900/2020

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 18 $437.50 500

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
001-30-022
Land Assessment
$12,936
Improvements Assessment
$128,185
Total Assessment
$141,121

zoning

Zoning Code 4010 - WALK-UP APTS 7-19
4010 - WALK-UP APTS 7-19
  • Listing ID: 23459290

  • Date on Market: 2021-06-18

  • Last Updated:

  • Address: 9212 Madison Ave, Cleveland, OH 44102

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