Listed by Russell Commercial Advisory
$2,695,000
Hampton Tudor Square Apartments
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 30,000
Net Rentable (SqFt) 28,000
Units 28
Cap Rate 5.4%
NOI $145,500
Occupancy 90%
Pro-Forma Cap Rate 9.98%
Pro-Forma NOI $268,900
Price per SqFt $90
Class C
Year Built 1930
Year Renovated 2019, 2020, 2021
Buildings 4
Stories 3
Acreage 0.250
Zoning MF
Investment Type Value Add
Ownership Private Seller
MInutes from the Cleveland Clinic, University Circle and CWRU
Marketing description
Attention Multifamily Commercial Investors—Unique opportunity to capture one of Cleveland's most unique and iconic pieces of architecture just footsteps from historic Shake Square. Twenty-four large and spacious units with ability to increase to 28 or 30 units offering individual charm and layout features making these units feel like home vs your average apartment. Unit sizes range from 600sf to 1300sf over two floors and four buildings. One-of-a-kind—this Tudor style multifamily development offers sophisticated two-toned manor homes with a combination of Renaissance and Gothic design elements. Fully-tenanted with strong NOI and cash flow. Call now to schedule your appointment and private tour.
Listing Contacts
Listed by Russell Commercial Advisory
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$145,500.00
$12,125.00/mo
Valuation Metrics
0
DSCR
5.4%
Cap Rate
5.4%
ROI
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