18051 LAKE SHORE BLVD

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18051 LAKE SHORE BLVD

CLEVELAND, OH 44119
Asking Price
$1.10M
Cap Rate
7.54%
Asset Type
Multifamily
Class
Class B

What's Special

21-Unit Value-Add Multifamily | 7.54% Cap Rate | Below-Market Rents | One Block from Lake Erie <p>21 one-bedroom units with individual furnaces and A/C units (tenant-paid gas/electric for HVAC)</p><p>Current rents 10% below market offering immediate value-add opportunity </p><p>20-year lead-free certification</p>

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NOI
$80,000
Cap Rate
7.27%
DSCR
1.22
Tight
Cash-on-Cash
4.45%
Monthly Payment
$5,442.2
Annual Cash Flow
$14,693.602

Location & Travel Times