14520 Milverton Rd Cleveland, OH 44120

Listing Agency Russell Commercial Advisory

Listed by Tal Tamir · License #OH 2018001908

Source Crexi

Added: Apr 12 Checked: Jul 17 at 6:26 am

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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

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FAQs

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%).