13800 TERRACE RD. E. CLEVELAND OH 44112 * Assigned

  • $275,000
  • 314 beds
  • 338 baths
  • 242,580 sqft

Nearby Transit & Points of Interest

Time and Distance from Huron Place

 Colleges Drive Distance
6 min 1.8 mi
Cleveland Institute of Music
6 min 2.1 mi
John Carroll University
14 min 5.5 mi
 Transit / Subway Drive Distance
3 min 0.6 mi
3 min 0.6 mi
4 min 1.4 mi
 Shopping Centers Walk Distance
7 min 0.3 mi
Strip Center at 13501 Euclid Ave
9 min 0.5 mi
Strip Center at 14300 Euclid Ave
10 min 0.5 mi
 Parks and Recreation Drive Distance
Cleveland Botanical Garden
6 min 2.0 mi
Children’s Museum of Cleveland
7 min 2.3 mi
Cleveland Museum of Natural History
7 min 2.4 mi
Nature Center at Shaker Lakes
10 min 4.0 mi
Euclid Creek Reservation
11 min 4.6 mi
 Airports Drive Distance
Cleveland Hopkins International
35 min 19.5 mi
SoundScore™
76
Active
  •  Calm
  •  Active
  •  Active
  • 20 MIN FROM AMAZON DISTRIBUTION CENTER –
  • 20 MIN FROM DOWNTOWN –
  • 15 MIN FROM THE LAKE
  • 2 MIN FROM COVENTRY ( Cleveland heights)
  • CLEVELAND ORCHESTRA
  • KARAMU HISTORIC BLACK PLAYHOUSE
  • EAST SIDE MARKET
  • FIRST ENERGY STADIUM ( CLEVELAND BROWNS)
  • ROCKET MORTGAGE STADIUM ( CAVALIERS)
  • JACKS CASINO
  • ROCK & ROLL HALL OF FAME
LESS THAN 8 YRS AGO THIS BUILDING WAS SECTION 8 APPROVED !!
Plenty of shopping, and public transportation, and Forest Hill Park ( formerly Rockefeller’s
backyard…really it was )

Property Snapshot:
  • CLASS C BUILDING
  • TAXES YEARLY:$25,885.21
  • LOT SIZE: –  110987
  • UNDERGROUND GARAGE – 41,393 SQ.FT.
  • POOL – SWIMMING – 2,100
  • Exterior Walls BRICK
  • Framing REINFORCED CONCRETE
  • Roof Covering COMPOSITION
  • Date Build 1961
  • Usable Area 242,580
  • Roof Type FLAT

AVERAGE RENTS:

  1. STUDIO $450
  2. SINGLE $650
  3. TWO / 2beds $725
  4. THREE / beds $ $850

GROSS ANNUAL: $1,977,600.00

GROSS MONTHLY: $164,800.00

(we are looking for a 3% silent partner stake for perpetuity as part of our commission)

LINKS BELOW:

PS: Our team will be glad to manage this property for you!
PSS: The city may have access to grants and tax abatements also.

 

Price:
$275,000
Address:
13800 TERRACE RD
E. EUCLID, OH 44112
Square Feet:
242,580
Lot Size:
110,985
Bedrooms:
314
Bathrooms:
338
Terms:
Assignment of Contract
Property Type:
Apartment
Year Built:
1961
Basement:
FULL FINISHED
Const. Type:
BRICK

Additional Features

254 units Class C building 13 stories high 1/2/3 unit bedrooms: GROSS MONTHLY RENTS $164,800.00 - GROSS ANNUALLY RENTS- $1,977,600.00 Studio 1/BATH - **48 units - 456 sf. $450.00 1 BEDS/1 BATH - **122 units -630 sf. $650.00 2BEDS/ 2 BATH-  ** 60 units -996 sf. $725.00 3 BEDS / 2BATHS - **24 units -1,206 sf.$850.00 Plenty of shopping, and public transportation, and Forest Hill Park ( formerly Rockefeller's backyard...really it was ) :)

Call 888-959-4856 for more details

Property Location