Multifamily
287 E 156th St
287 E 156th St, Cleveland, OH 44110
Listing Price: $399,000
Cap Rate
6.17%
Number of Units
9
GRM
5.50
Occupancy
89.0%
Price/Unit
$44,333
Price/Gross SF
$65.20
Gross SF
6,120
Investment Overview
Marcus & Millichap is pleased to present 287 E 156th Street, 9 units, in Cleveland, Ohio.
287 E 156th St
Investment Highlights
- Owned and Managed by Out-of-State Investors
- Located in the Waterloo Arts District, One of Cleveland's Most Creative and Revitalizing Neighborhoods, Known for its Galleries and Live Music Venues
- Significant Rent Growth Potential with In-Place Rents $100 Plus Below Comparable Properties
- 66 Percent of Units Updated with LVP Flooring, New Kitchen Cabinetry, and New Kitchen Countertops, New Bathroom Vanities, New Tub Surrounds, and New Hot Water Tanks
- All Units Have Individual Furnaces, Hot Water Tanks, and Through-Wall Air Conditioning Units
Exclusively Listed By
Financing By
Listing Price: $399,000
Cap Rate
6.17%
Number of Units
9
GRM
5.50
Occupancy
89.0%
Price/Unit
$44,333
Price/Gross SF
$65.20
Gross SF
6,120
Investment Highlights
- Owned and Managed by Out-of-State Investors
- Located in the Waterloo Arts District, One of Cleveland's Most Creative and Revitalizing Neighborhoods, Known for its Galleries and Live Music Venues
- Significant Rent Growth Potential with In-Place Rents $100 Plus Below Comparable Properties
- 66 Percent of Units Updated with LVP Flooring, New Kitchen Cabinetry, and New Kitchen Countertops, New Bathroom Vanities, New Tub Surrounds, and New Hot Water Tanks
- All Units Have Individual Furnaces, Hot Water Tanks, and Through-Wall Air Conditioning Units
Investment Overview
Marcus & Millichap is pleased to present 287 E 156th Street, 9 units, in Cleveland, Ohio.
Exclusively Listed By
Financing By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
