Multifamily
1406 W 75th St
1406 W 75th St, Cleveland, OH 44102
Listing Price: $800,000
Cap Rate
7.90%
Number of Units
8
GRM
7.57
Occupancy
100.0%
Price/Unit
$100,000
Price/Gross SF
$133.33
Gross SF
6,000
Investment Overview
Marcus & Millichap is pleased to present The William located at 1406 W. 75th Street in Cleveland's trendy Gordon Square Arts District.
1406 W 75th St
Investment Highlights
- Highly Renovated, Cash-Flowing Apartment Community Located in One of Cleveland's Most Sought-After Neighborhoods - Gordon Square Arts District
- Over $400,000 Invested into the Property over the Last Seven Years
- All Two-Bedroom Units Featuring In-Suite Laundry, Luxury Finishes, and Spacious Floorplans
- Strong Historical Occupancy Averaging High 90s to 100 Percent
- Current Rents are Over $200 Below Direct Competitors and Over $1,500 Below New Construction
- Located in the Highly Desirable and Trendy Gordon Square Arts District Featuring Six Theaters, More Than 20 Bars and Restaurants, Over 80 Businesses, and Five Newly Developed Apartment Communities
- Within 10 Minutes of Ohio City, Tremont, and Downtown Cleveland
Exclusively Listed By
Financing By
Listing Price: $800,000
Cap Rate
7.90%
Number of Units
8
GRM
7.57
Occupancy
100.0%
Price/Unit
$100,000
Price/Gross SF
$133.33
Gross SF
6,000
Investment Highlights
- Highly Renovated, Cash-Flowing Apartment Community Located in One of Cleveland's Most Sought-After Neighborhoods - Gordon Square Arts District
- Over $400,000 Invested into the Property over the Last Seven Years
- All Two-Bedroom Units Featuring In-Suite Laundry, Luxury Finishes, and Spacious Floorplans
- Strong Historical Occupancy Averaging High 90s to 100 Percent
- Current Rents are Over $200 Below Direct Competitors and Over $1,500 Below New Construction
- Located in the Highly Desirable and Trendy Gordon Square Arts District Featuring Six Theaters, More Than 20 Bars and Restaurants, Over 80 Businesses, and Five Newly Developed Apartment Communities
- Within 10 Minutes of Ohio City, Tremont, and Downtown Cleveland
Investment Overview
Marcus & Millichap is pleased to present The William located at 1406 W. 75th Street in Cleveland's trendy Gordon Square Arts District.
Exclusively Listed By
Financing By
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