$650,000
About this home
Fantastic opportunity for the savvy investor. Grab this 5 unit, fully rented apartment complex that yields a great return of roughly 10% cap. Each of the 5 units features 1 bedroom, living room, kitchen, and a full basement. They each have a front and back entrance with the exception of one unit. Parking is plentiful. They all pay roughly $1,400 per month rent, plus they pay an extra $200 each to cover utilities. Current seller pays all the utilities for the building. Gross income is roughly $96,000 per year, with expenses as follows: utilities $12,000. Maintenance $6,000. Insurance $5,000. Taxes $6,464 with a net of $66,536. Pictures of 4 of the units included in the listing. Unit 22 tenant is in his 16th month and would like to stay. #24 is approaching 4th year there. #26 just signed a 12 month lease. #28 is in their 3rd year. #30 is in their 7th month on a 12 month lease. There will one showing day, Monday, as to not bother the tenants too much. Electric panel boxes, HVAC and water tanks are similar in all units. One has a newer water tank.
Property details
- MLS #
- 5235006
- Property type
- Apartment
- Subdivision
- Willoughby Euclid Ave Sub13
- Status
- Active
- Days on market
- 1
- On market date
- August 15, 2026
- Stories
- 1
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.47 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).
- Enrollment
- 553
- Student:teacher ratio
- 15.4:1
- District
- Willoughby-Eastlake City
- Enrollment
- 565
- Student:teacher ratio
- 13.8:1
- District
- Willoughby-Eastlake City
- Enrollment
- 1,091
- Student:teacher ratio
- 18.8:1
- District
- Willoughby-Eastlake City
Walkability
Blended score for Willoughby's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated August 16, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.