Listed by PATH HOME TEAM
$570,000
1204 + 1206 Auburn Avenue
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,924
Units 5
NOI $4,744
Occupancy 60%
Pro-Forma Cap Rate 9.82%
Pro-Forma NOI $56,000
Price per SqFt $145
Broker Co-Op Yes
Class C
Year Built 1890
Buildings 2
Stories 2
Acreage 0.104
Parking Spaces spaces
Investment Type Net Lease
Ownership Agent
Sale Condition 1031 exchange
Multifamily | 5 Units | $114,000/unit
Marketing description
Opportunity Zone 5 Unit apartment building in the heart of Tremont! Calling all investors for a phenomenal opportunity to own this piece of property offering two buildings (1204 and 1206 Auburn Avenue). There is a common basement within building 1204 and two separate partial basements within building 1206, all are very dry. All have newer water tanks and newer furnaces. Electrical work completed.
Opportunty Zone: Cuyahoga County Zone: 39035104300
Listing Contacts
Listed by PATH HOME TEAM
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$4,744.00
$395.33/mo
Valuation Metrics
0
DSCR
0.83%
Cap Rate
0.83%
ROI
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