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🏢💡Renovation Project – 13 units – Cleveland ! 🛠️💰

Price
$360,000
16010 Nelacrest Rd, East Cleveland, OH 44112, USA, ,

Overview

  • 13 Bedrooms
  • 13 Bathrooms
  • 12,127 ft
  • Year Built: 1915

Description

Property Overview:

Location: Cleveland, OH

Renovation Cost: $200-250k

ARV: $840k (Stabilized)

Unit Mix:

13 Units Total

1 BR: 7 units | 650/SF

2 BR: 6 units | 895/SF

Built In 1915
Renovated in

🛠️ Projected Income Upon Rehab Completion:

Effective Gross Income: $112,476

Total Operating Expenses: $41,224

Net Operating Income: $71,252

Rehab Estimate Breakdown:

Exterior/Permitting: $46,500

Interior Units: $30,000

Cabinets/Fixtures: $13,000

Appliance Package: $27,000

Bathrooms: $23,375

Electrical/Plumbing: $39,550

Landscaping: $8,575

Roof Replacement: $12,000

Address: 16010 Nelacrest Rd, East Cleveland, OH 44112, USA
State:
Zip: 44112
Country: United States
Open In Google Maps
Property Id : 101334
Price: $ 360,000
Property Size: 12,127 ft
Bedrooms: 13
Bathrooms: 13
Property Type: Multifamily
Parking: Off street
Year Built: 1915
Lot Size: 0.18 acres

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