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5612 Linwood St
Cleveland, OH 44103
Asking Price
$370K
Asset Type
Student Housing Multifamily
Class
Class B
What's Special
7 Units Apartment Building | Cleveland Clinic Corridor <ul><li>7 UNIT ALL BRICK APARTMENT BUILDING</li><li>ALL UNTIS FEATURE 2 BEDROOMS & 1 BATH </li><li>SEPARATE GAS AND ELECTRIC METERS ALLOWING THE TENANTS TO PAY FOR THEIR OWN UTILITIES</li><li>2.2 MILES TO CLEVELAND CLINIC AND CASE WESTERN RESERVE | 3.2 MILES TO DOWNTOWN</li><li>OVER $250,000 INVESTED INTO THE PROPERTY BY PRIOR OWNERSHIP</li><li>LONG LIST OF CAPITAL IMPROVEMENTS </li><li>HUGE OPPORTUNITY TO BRING THE 7th UUNTI ON-LINE ON THE BASEMENT- CURRENTLY VACNAT AND NEEDS FULL REHAB<
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NOI
$80,000
Cap Rate
21.63%
DSCR
3.64
Strong
Cash-on-Cash
52.30%
Monthly Payment
$1,830.063
Annual Cash Flow
$58,039.239
