Five-Building Multifamily
9620 Fuller Ave Cleveland, OH 44104
For Sale
Contact for pricing
Pending
Portfolio includes five multifamily buildings with 18 units across studio through 5-bedroom layouts.
Days on Market423
Property Features for 9620 Fuller Ave
General Information
- Standard status
- Pending
- Property subtype
- Multifamily
Listing Agency:
KW Commercial
Listed By:
Erin Thomas · License #oh 20190005940
Source:
Crexi
Added: May 29, 2025
Changed: Jul 23
Last Checked: Jul 23 at 5:58AM
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 KW Commercial
Investment Insights
Based on property information with market context.
This portfolio offers five multifamily buildings totaling 18 residential units, with a unit mix that includes studios, 1-bedroom, 2-bedroom, 3-bedroom, and one 5-bedroom unit. Current occupancy is limited, with only three units occupied, and current gross income of $23,400 per year. The portfolio is presented with below-market current rents, with varying levels of renovation and lease-up needed across the properties.
Addressing is at 9620 Fuller Ave in Cleveland, OH. The offering is structured as a package acquisition, with the ability to purchase properties individually.
In the provided materials, the proforma projects annual gross rental revenue of $211,800 and a stabilized NOI of $147,898, reflecting expected normalization of expenses from $36,544 to $53,312 at stabilization. The current NOI is reported as negative, and the proforma indicates a substantially higher cap rate once stabilized.
Addressing is at 9620 Fuller Ave in Cleveland, OH. The offering is structured as a package acquisition, with the ability to purchase properties individually.
In the provided materials, the proforma projects annual gross rental revenue of $211,800 and a stabilized NOI of $147,898, reflecting expected normalization of expenses from $36,544 to $53,312 at stabilization. The current NOI is reported as negative, and the proforma indicates a substantially higher cap rate once stabilized.
Key Highlights
- Portfolio of five multifamily buildings totaling 18 units with studio through 5‑bedroom layouts
- Asking price $450,000 ($25,000 per unit; $67.89 per sq ft per provided info)
- Current income $1,950/month (only 3 units occupied) with present cap rate of -2.9%
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Portfolio includes five multifamily buildings with 18 units across studio through 5-bedroom layouts.
Where is this apartment building located?
The property is located at 9620 Fuller Ave Cleveland, OH.
What are key features of this property?
This property features: Portfolio of five multifamily buildings totaling 18 units with studio through 5‑bedroom layouts; Asking price $450,000 ($25,000 per unit; $67.89 per sq ft per provided info); Current income $1,950/month (only 3 units occupied) with present cap rate of -2.9%
