Darlene Dingess-Adkins

37822 Euclid Avenue
Willoughby, OH 44094

$650,000

48 Total Photos [Click to View All]

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Listing Details

  • $650,000
  • MLS# 5235006
  • Type Commercial - Business
  • Status Active
  • 0.470 acres
    Lot Size
  • 1961
    Year Built
  • Willoughby-Eastlake - 4309
    Local Schools

Home Value Estimate

Description

Fantastic opportunity for the savvy investor. Grab this 5 unit, fully rented apartment complex that yields a great return of roughly 10% cap. Each of the 5 units features 1 bedroom, living room, kitchen, and a full basement. They each have a front and back entrance with the exception of one unit. Parking is plentiful. They all pay roughly $1,400 per month rent, plus they pay an extra $200 each to cover utilities. Current seller pays all the utilities for the building. Gross income is roughly $96,000 per year, with expenses as follows: utilities $12,000. Maintenance $6,000. Insurance $5,000. Taxes $6,464 with a net of $66,536. Pictures of...read more

Features

  • Wall Unit(s)
  • Forced Air, Gas
  • 1.0 Story
  • $6,464 / year Taxes
  • Public
  • Built in 1961

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Listed By

Agency Name: The Agency Cleveland Northcoast
Agency Contact: mary.markulis@theagencyre.com, 330-618-2118

Shown By

Agent Name: Darlene Dingess-Adkins
Agent Phone: (304) 688-8506
Agency Title: Old Colony, REALTORS®
Agency Contact: Contact

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