576 152Nd St Cleveland, OH 44110
- Residential income homes
- 3,600 SF
- 0.16 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 576 152Nd St
- Year built
- 1925
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.16 lot acres
- Property size
- 3,600 SF
- Zone code
- GR
- Property type
- Residential income homes
- Property subtype
- Small apartment buildings
- APN
- 112-25-025
- APU
- 11225025
Description
This exceptional 18-unit apartment building, located at 576 E 152nd St in Cleveland, Ohio, presents a compelling investment opportunity. Built in 1925, the property boasts a substantial 3,600 square feet situated on a 0.162-acre lot. Currently operating at 100% occupancy, this multifamily asset offers a strong, immediate return on investment. Each of the 18 units is configured in a dormitory style, providing efficient management and consistent rental income. The asking price is $299,900, translating to an attractive price per unit of $16,661.11 and a price per square foot of $83.31. The property's location in Cleveland's Cuyahoga County, zip code 44110, offers convenient access to local amenities and transportation. The property's APN is 112-25-025. This well-maintained building represents a solid foundation for building a portfolio or adding to an existing one, offering significant potential for future appreciation and cash flow. The property's strong occupancy rate and established rental income stream make it an ideal choice for investors seeking a stable and profitable investment in the Cleveland real estate market. This is a rare opportunity to acquire a well-positioned multifamily property in a thriving urban area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $320,000
- 6.5%
- $305,000
- 7%
- $285,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $350,000
- Geo Method
- $350,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $280,000
- Retail
- $275,000
- Mixed-Use
- $255,000
- Hospitality
- $305,000
- Educational
- $335,000
- Residential Income
- $300,000
- Energy
- $275,000
- Income-Based Land
- $280,000
- Food Service
- $310,000
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.5759
- Latitude
- 41.5656
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA