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18515 Underwood Avenue
Cleveland, OH 44119
Asking Price
$315K
Asset Type
Single Family Rental Portfolio Multifamily
Class
Class B
What's Special
Two-building mixed-use property <ul><li><span style="color: rgba(58, 58, 58, 1)">±4,350 total GSF across both buildings on 0.25 acres</span></li><li><span style="color: rgba(58, 58, 58, 1)">18519: 10-office multi-tenant office building with 5 tenants in place on gross leases</span></li><li><span style="color: rgba(58, 58, 58, 1)">18519 amenities: shared kitchen on main floor, shared conference room on lower level</span></li><li><span style="color: rgba(58, 58, 58, 1)">18515: fully renovated flexible single-tenant building,
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NOI
$80,000
Cap Rate
25.40%
DSCR
4.28
Strong
Cash-on-Cash
64.87%
Monthly Payment
$1,558.448
Annual Cash Flow
$61,298.622
