3202 Montclair Avenue

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3202 Montclair Avenue

Cleveland, OH 44109
Asking Price
$200K
Asset Type
Student Housing Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily student housing asset located in Cleveland.
  • Property is situated in the Old Brooklyn neighborhood.
  • Asking price for this duplex is $199,900.
  • Investment opportunity located at 3202 Montclair Avenue.
  • Suitable asset for targeting the regional student demographic.

What's Special

This multifamily student housing asset is situated in the Old Brooklyn neighborhood of Cleveland, Ohio. The property is currently offered for sale at an asking price of $199,900. Its placement within a established urban residential corridor provides proximity to local academic institutions and regional transit infrastructure, making it a viable addition to a rental portfolio focused on the student housing sector. The asset serves as a functional duplex configuration, suitable for investors seeking to capture demand from the local university demographic. Cleveland continues to serve as a key economic hub in Northeast Ohio, supported by a diverse base of healthcare, education, and manufacturing industries. The Old Brooklyn area offers a stable environment for residential investments, with convenient access to major thoroughfares that connect the neighborhood to the broader metropolitan area and its surrounding job centers. This duplex provides an opportunity for acquisition within a market that balances historical residential character with consistent housing needs for both students and long-term residents.

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NOI
$80,000
Cap Rate
40.02%
DSCR
6.74
Strong
Cash-on-Cash
113.61%
Monthly Payment
$988.996
Annual Cash Flow
$68,132.046

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