37822 Euclid AVE, Willoughby, OH 44094
37822 Euclid AVE, Willoughby, OH 44094
37822 Euclid AVE, Willoughby, OH 44094
37822 Euclid AVE, Willoughby, OH 44094
37822 Euclid AVE, Willoughby, OH 44094
37822 Euclid AVE, Willoughby, OH 44094
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Shawana Hanson

Shawana Hanson

+1(216) 971-3161
$ 650,000
Est. payment | /mo

0.47 Acres Lot

Save
$ 650,000
Est. payment | /mo
Save

0.47 Acres Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

Subdivision Willoughby Euclid Ave Sub13

MLS Listing ID 5235006

HOA Y/N No

Year Built 1961

Annual Tax Amount $6,464

Tax Year 2025

Lot Size 0.470 Acres

Acres 0.47

Property Sub-Type Apartment

Property Description

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.

Location

State OH

County Lake

Rooms

Basement Full

Interior

Heating Forced Air, Gas

Cooling Wall Unit(s)

Fireplace No

Exterior

Parking Features Additional Parking, Common

Water Access Desc Public

Roof Type Shingle

Present Use Residential,Single Family

Building

Sewer Public Sewer

Water Public

Level or Stories One

Schools

School District Willoughby-Eastlake - 4309

Others

Tax ID 27-A-018-0-00-003-0

Special Listing Condition Standard

IDX - Northern Ohio Regional MLS (YES-MLS)/MLS NOW
Listed by Mary A Markulis • The Agency Cleveland Northcoast • mary.markulis@theagencyre.com, 330-618-2118

NEARBY SCHOOLS & PROPERTIES

Shawana Hanson

"Whether you're looking to purchase your first home, dream home, investment property, and/or sell your current home, I am committed to providing you with high-quality bespoke services."

+1(216) 971-3161

info@luxehauscle.com

1991 Crocker Rd. Suite 600, Westlake, OH 44145, United States

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37822 Euclid AVE