$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 · public school directory data (NCES)
- 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
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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated 13 days ago.
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.