Contacts
![broker]( https://cdn.commercialsearch.com/images/CDB732FF-F7B8-44C5-996C-A5B67C08BFB3/18090.jpeg?width=96)
David Rosenthal
Grimaldi Commercial Realty Corp.
Property Details
- Property Type Multi-Family
- Property Size 11,407 SF
- Units 10
- Additional Rent Contact for pricing
- Parking Spaces Avail. 24
- Property Tenancy Multi-Tenant
- Year Built 1987
- Year Renovated 2023
- Date Updated Sep 4, 2024
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Highlights
- 10-UNIT PORTFOLIO OF APARTMENTS IN THE FAMOUS CLARK-FULTON NEIGHBORHOOD OF CLEVELAND, OH.
- 100% OCCUPIED!
- LONG-TERM TENANTS ON SHORT-TERM LEASES WITH SIGNIFICANTLY BELOW-MARKET-AVERAGE RENTAL RATES!
- MASSIVE UPSIDE FOR A BUYER TO INSTANTLY RAISE RENTS AND OBTIAN A 10.2%+ CAP RATE!
- 8.5% CAP RATE IN 2024 (IN-PLACE)!
- 10.2% CAP RATE IN 2025!
- 12.1% CAP RATE IN 2026!
- 13.6% CAP RATE BY 2027!
- SELLER FINANCING AVAILABLE!
- UNITS HAVE BEEN SIGNIFICANTLY UPGRADED IN THE PAST 4 YEARS!
- RECENT IMPROVEMENTS INCLUDE UPDATED ROOFING, ELECTRICAL UPGRADES, NEW BATHROOMS, NEW HVAC UNITS, AND MUCH MORE!
- RARE OPPORTUNITY TO OWN AN AMAZING VALUE-ADD PROPERTY IN THE FAMOUS CLARKFULTON NEIGHBOORHOOD OF CLEVELAND OHIO!
Attachments
Getting around
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Walk Score ®
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Transit Score ®
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Bike Score ®
Location
- City Cleveland, OH
- Neighborhood Clark-Fulton
- Zip Code 44109
- Market Cleveland Akron
Points of Interest
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West Boulevard–Cudell
2.30 miles
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West 117th–Madison
2.93 miles
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West 3rd
2.99 miles
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Triskett
3.63 miles
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East 79th
4.51 miles
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Cedar–University
6.25 miles
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Rockside
6.52 miles
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Coventry
6.91 miles
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Stokes-Windermere Station
8.21 miles
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Warrensville–Van Aken
9.18 miles
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BP
0.66 miles
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Sunoco
0.72 miles
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Pearl Denison Shell
1.08 miles
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Sunoco
1.12 miles
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Hanini Petroleum
1.28 miles
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Ohio City Gas
1.30 miles
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BP
1.31 miles
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Sunoco
1.35 miles
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Express Gas
1.81 miles
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Speedway
1.84 miles
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View Garage
0.97 miles
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Toomey
1.01 miles
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St. Ignatius Parking
1.47 miles
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West Side Market Parking
1.71 miles
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Merwin's Wharf Parking Lot
2.00 miles
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Cudell Station Parking
2.36 miles
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Collection Auto Group Centre
2.72 miles
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Ontario Street Parking Garage
2.75 miles
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Gateway East
2.81 miles
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515 Garage
2.92 miles
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Cleveland Hostel
1.56 miles
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J. Palen House
1.63 miles
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Stone Gables Inn
1.64 miles
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The Ritz-Carlton
2.62 miles
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Renaissance Cleveland Hotel
2.70 miles
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Aloft Cleveland Downtown
2.71 miles
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Residence Inn Cleveland Downtown
2.84 miles
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Hotel Indigo Cleveland Downtown, an IHG Hotel
2.84 miles
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Cleveland Marriott Downtown at Key Tower
2.89 miles
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Hilton Garden Inn
2.90 miles
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Save-A-Lot
0.87 miles
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Walmart Supercenter
1.17 miles
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Dave's
1.18 miles
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Burlington
1.19 miles
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Marshalls
1.39 miles
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ALDI
1.39 miles
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Target
1.39 miles
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Save-A-Lot
1.48 miles
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Dave's
1.62 miles
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Save-A-Lot
1.65 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
![broker]( https://cdn.commercialsearch.com/images/CDB732FF-F7B8-44C5-996C-A5B67C08BFB3/18090.jpeg?width=96)
David Rosenthal
Grimaldi Commercial Realty Corp.