7102 Carnegie Ave | Cleveland, OH 44103
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- LoopNet Team
7102 Carnegie Ave
Cleveland, OH 44103
MONTICELLO APARTMENTS · Residential Property For Sale · 24 Units
Investment Highlights
- Located in Opportunity Zone, hotbed of redevelopment activity in MidTown
- Excellent Location near Cleveland Clinic, Bus Stops in Walking distance
- 24 Units / Currently 79% Occupied
- Tremendous Upside to operate as high-end housing for Cleveland Clinic employees/patients, possible condo conversion and/or short term rentals (AirBNB)
- 10.13% Projected Cap Rate at 100% Occupancy at Market Rates
PROPERTY FACTS
| No. Units | 24 | Building Size | 33,393 SF |
| Property Type | Residential | Average Occupancy | 79% |
| Property Subtype | Apartment | Number of Floors | 4 |
| Apartment Style | Mid Rise | Year Built/Renovated | 1910/2021 |
| Building Class | C | Parking Ratio | 0.14/1,000 SF |
| Lot Size | 0.34 AC |
| No. Units | 24 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 33,393 SF |
| Average Occupancy | 79% |
| Number of Floors | 4 |
| Year Built/Renovated | 1910/2021 |
| Parking Ratio | 0.14/1,000 SF |
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+1 | 24 | £722.50 | 1,000 |
PROPERTY TAXES
| Parcel Number | 118-25-122 | Improvements Assessment | £74,317 |
| Land Assessment | £19,156 | Total Assessment | £93,474 |
PROPERTY TAXES
Parcel Number
118-25-122
Land Assessment
£19,156
Improvements Assessment
£74,317
Total Assessment
£93,474
zoning
| Zoning Code | Multi-Family |
| Multi-Family |
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