9421 Parkview Avenue

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9421 Parkview Avenue

Cleveland, OH 44104
Asking Price
$175K
Asset Type
Multifamily
Class
Class B

What's Special

9421 Parkview Avenue is located in the Slavic Village neighborhood of Cleveland, Ohio. This residential pocket is characterized by a mix of historic single-family homes and mid-sized apartment buildings. The property is situated near Washington Park and the Cleveland Metroparks system, providing tenants with access to outdoor recreation and green space. Local amenities include regional grocery chains and neighborhood retail along nearby Fleet Avenue. The location offers efficient transportation access, with proximity to Interstate 77 and State Route 176, facilitating commutes to downtown Cleveland and the surrounding metropolitan area. As a multifamily asset, this location is suited for workforce housing designed to serve Cleveland’s local labor market. The typical tenant profile includes individuals and small households seeking proximity to industrial and service-sector employment hubs in the Cuyahoga Valley. The property’s configuration favors long-term residential leasing rather than short-term stays. Investors may find this site appropriate for a value-add strategy or a stabilized hold aimed at providing essential housing. Its position within an established residential grid supports consistent occupancy from a tenant base focused on affordability and regional highway connectivity.

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NOI
$80,000
Cap Rate
45.71%
DSCR
7.70
Strong
Cash-on-Cash
132.59%
Monthly Payment
$865.805
Annual Cash Flow
$69,610.346

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