576 152Nd StCleveland, OH 44110
- Residential income properties
- 3,600 SF
Property Details for 576 152Nd St
- Year built
- 1925
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.16 AC
- Property size (Sq ft)
- 3,600 SF
- Zone code
- GR
- Property type
- Residential income properties
- Property subtype
- Residential income homes
- APN
- 112-25-025
- APU
- 11225025
Description
This exceptional 18-unit apartment building, located at 576 E 152nd St in Cleveland, Ohio, presents a compelling investment opportunity. Built in 1925, the property boasts a substantial 3,600 square feet situated on a 0.162-acre lot. Currently operating at 100% occupancy, this multifamily asset offers a strong, immediate return on investment. Each of the 18 units is configured in a dormitory style, providing efficient management and consistent rental income. The asking price is $299,900, translating to an attractive price per unit of $16,661.11 and a price per square foot of $83.31. The property's location in Cleveland's Cuyahoga County, zip code 44110, offers convenient access to local amenities and transportation. The property's APN is 112-25-025. This well-maintained building represents a solid foundation for building a portfolio or adding to an existing one, offering significant potential for future appreciation and cash flow. The property's strong occupancy rate and established rental income stream make it an ideal choice for investors seeking a stable and profitable investment in the Cleveland real estate market. This is a rare opportunity to acquire a well-positioned multifamily property in a thriving urban area.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $803,073
- 6.5%
- $741,298
- 7%
- $688,348
-
Comparable approach
- Method
- Valuation
- Relative Method
- $521,953
- Geo Method
- $521,953
-
Alternative Use
- Use
- Valuation
- Residential
- $741,298
- Hospitality
- $679,025
- Educational
- $564,941
- Medical
- $584,370
- Retail
- $878,797
Location Insight
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Latitude
- 41.5656
- Longitude
- -81.5759
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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