Multifamily Property with High
For Sale
Contact for pricing
Pending
14520 Milverton Rd, Cleveland, OH 44120
18-unit multifamily property with over 90% occupancy and updates.
Property SizeContact for details
Days on Market123
Property Features for 14520 Milverton Rd
General Information
Standard status
Pending
Property subtype
Multifamily
Listing Agency:
Russell Commercial Advisory
Listed By:
Tal Tamir · License #OH 2018001908
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Aug 11 at 12:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Russell Commercial Advisory
Investment Insights
Based on property information with market context.
This 18-unit multifamily property features over 90% occupancy and recent updates. The property consists of 12 one-bedroom units and six two-bedroom units, all with open floor plans. On-site parking is available for residents. Tenants are responsible for their electric bills via baseboard heating. The owner is responsible for water, sewer, and common area electric. This property is located in Cleveland, OH.
Key Highlights
- Attractive cap rate of over 8% based on current financials.
- Potential to exceed an 11% cap rate through value‑add strategy (rent increases).
- High occupancy rate (over 90%).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
393
Businesses Nearby
Explore this area
Business Placement
Demographics for 44120, OH
34,611
Population
20,583
Households
1.7
Avg Household Size
40
Median Age
37%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
6,656
Density / Sq Mi
$46,326
Median Household Income
$36,549
Median Earnings
$890
Median Rent
$115,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - 18-unit multifamily property with over 90% occupancy and updates.
Where is this apartment building located?
The property is located at 14520 Milverton Rd Cleveland, OH.
What are key features of this property?
This property features: Attractive cap rate of over 8% based on current financials.; Potential to exceed an 11% cap rate through value‑add strategy (rent increases).; High occupancy rate (over 90%).
