5817 PROSSER AVE

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5817 PROSSER AVE

CLEVELAND, OH 44103
Asking Price
$169K
Asset Type
Multifamily
Class
Class B

What's Special

5817 Prosser Avenue is located in the St. Clair-Superior neighborhood of Cleveland, Ohio. The surrounding area is characterized by a mix of residential structures and industrial hubs, reflecting the city’s urban history. The property is situated approximately three miles east of Downtown Cleveland, providing proximity to major employment centers and the University Circle institutional district. Local amenities include nearby neighborhood markets and community parks. Transportation is facilitated by the property’s closeness to the St. Clair Avenue transit corridor and Interstate 90, allowing for efficient commuting throughout the Greater Cleveland area. As a multifamily asset, this location is suited for affordable or workforce housing redevelopment. The property profile aligns best with residents seeking close proximity to manufacturing jobs in the St. Clair corridor or those employed in the nearby downtown service sector. Due to the area's density and accessibility, it is also a viable option for tenants who rely on public transportation. The building’s layout supports long-term residential leasing, serving a demographic that prioritizes functional living space with direct access to urban infrastructure and regional highway networks.

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NOI
$80,000
Cap Rate
47.48%
DSCR
8.00
Strong
Cash-on-Cash
138.47%
Monthly Payment
$833.646
Annual Cash Flow
$69,996.247

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