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Property profile & analytics
OFF-MARKET
Commercial real estate

1862 81St St Cleveland, OH 44103

0.16 ac lot
Property ID
US66-5465720
Property summary
AI-generated overview

This exceptional investment opportunity presents a ten-unit apartment building situated at 1862 E 81st Street in Cleveland, Ohio, 44103. The property boasts a 0.16-acre lot and is conveniently located just north of Chester Avenue, offering easy access to downtown Cleveland and the renowned Cleveland Clinic. Currently, nine out of ten units are occupied, resulting in a robust 90% occupancy rate and a stable income stream. This makes it an attractive proposition for investors seeking a proven, cash-flowing asset. The building is classified as Special Purpose, Land and is categorized as Commercial, Other. The asking price for this multifamily property is $640,000. Its prime location near major medical facilities and the city center ensures consistent demand for rental units. This is a rare chance to acquire a well-maintained, high-occupancy apartment building in a thriving Cleveland neighborhood. The property's strong performance and strategic location make it an ideal addition to any investment portfolio. Serious inquiries are encouraged to explore this lucrative opportunity further.

Property profile
Verified
Property type Commercial real estate
Lot 0.16 ac (6,970 SF)
UPID US66-5465720
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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