Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1910
Sq.Footage
N/A
A rare opportunity to acquire a fully renovated 131-unit apartment building with 5 retail storefronts, ideally located just blocks from the highly sought-after Lakewood neighborhood! This expansive property has recently completed a full interior and common area renovation, featuring modern vinyl flooring, stylish kitchen and bathroom upgrades, fresh paint, and updated amenities throughout. Offering a mix of studios, one-bedrooms, and two-bedroom units — all with consistent, contemporary finishes — the building is experiencing a strong lease-up phase after their recent construction overhaul, thanks in part to an on-site leasing agent. Of the five retail storefronts, three are white-boxed and ready for new tenants, while one is currently leased on a month-to-month basis at under-market rent. The owner currently pays all utilities, and the building operates on a boiler heat and water system — a major value-add for tenants that enhances appeal. Tenants enjoy the unbeatable value of living steps away from Lakewood at a more affordable price point, making this an exceptional investment with upside potential. Seller is open to offering short-term seller financing with attractive terms: 24-month interest-only financing at 6% up to 20% of the purchase price.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Heating YN
YES
-
Heating
Hot Water, Steam
Exterior
-
Garage
No
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.7515
-
Property Type
Commercial Sale
-
Property Sub Type
Retail
Price
-
Sales Price
$8,500,000
-
Tax Amount
102235.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Cleveland Municipal - 1809
-
Middle School
N/A
-
High School
N/A
Property Features
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
Cuyahoga
Elementary School
Cleveland Municipal - 1809
Middle School
High School
Listing Courtesy of Tal Tamir , Russell Real Estate Services
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