Listed by NAI Pleasant Valley
$4,653,835
Parkview Estates
Details
APN 67-219002
Property Type Multifamily
Sub Type Apartment Building
Square Footage 60,822
Units 70
Cap Rate 8.50%
Occupancy 92%
Tenancy Multi
Year Built 1944
Buildings 4
Stories 2
Acreage 5.000
Zoning MF
Parking Spaces 55
Investment Type Value Add
Multifamily Investment | 8.50% CAP | 70 Units
Marketing description
Parkview Estates is a 70-unit garden style apartment community located in East Cleveland, Ohio. This stabilized multifamily asset offers an 8.5% cap rate and features 55 newly renovated units. The property consists of 16 one-bedroom units and 54 two-bedroom units spread across four buildings on 5 acres.
Investment highlights
- 55 Newly Renovated Units
- Stabilized Asset
- 8.5% Cap Rate
- Many Avenues to Drive Additional Revenue
- Strong Tenant Base
- Ideal Value-add Opportunity
- Close Proximity to University Circle
- Garden Style Apartments
- Sale Price: $4,653,835
Listing Contacts
Listed by NAI Pleasant Valley
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