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889 E 143RD ST
CLEVELAND, OH 44110-3442
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Value-Add 4 unit near Warterloo <h3><strong>Property Highlights</strong></h3><ul><li>Proforma 15% cap rate once stabilized at market rents of $950+/unit</li><li>Significant value-add opportunity through lease-up, rent increases, and expense optimization</li><li>All units are spacious 2-bedroom layouts with strong long-term rental demand</li><li>Current upside through eviction of non-paying tenant and placement of vacant unit</li><li>Unit 3 already cleaned out and ready for light cosmetic updates before lease-up</li><li>N
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
