1075 East 74th Street

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1075 East 74th Street

Cleveland, OH 44103
Asking Price
$1.30M
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

1075 East 74th Street is located in the St. Clair-Superior neighborhood of Cleveland, Ohio. This residential pocket provides proximity to the cultural offerings of the nearby St. Clair Avenue corridor and is situated roughly three miles east of the Downtown business district. The property benefits from immediate access to the Shoreway (Route 2) and Interstate 90, facilitating regional travel. Local transit via the RTA bus lines serves the area, connecting residents to central commercial hubs and lakefront parks. This multifamily asset is positioned for a variety of investment strategies, including long-term rental hold or value-add renovation. The location typically attracts a tenant profile composed of local workforce professionals and individuals seeking affordable urban housing with direct access to downtown employment centers. The property’s layout is suited for traditional apartment configurations, catering to the steady demand for multi-unit residential space within Cleveland's established eastern neighborhoods.

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NOI
$80,000
Cap Rate
6.15%
DSCR
1.04
Tight
Cash-on-Cash
0.72%
Monthly Payment
$6,431.691
Annual Cash Flow
$2,819.712

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