Listed by Allegro Real Estate Brokers & Advisors
$2,750,000
West 116th Multifamily Portfolio Offering
Details
APN 001-20-067; 001-20-063; 001-20-048
Property Type Multifamily
Sub Type Apartment Building
Units 43
Cap Rate 9.00%
Tenancy Multi
Year Built 1900/1920
Updated multi-family portfolio on the edge of Lakewood.
Marketing description
Allegro Real Estate Brokers and Advisors, on behalf of building ownership as
its exclusive advisor, is pleased to bring to market a multi-family portfolio,
located in Cleveland, Ohio on the edge of Lakewood.
Ownership has held the properties for 10 years and has invested over $500,000
in CapEx. Updated suites throughout and well maintained. Located in a highly
desirable location along the eastern corridor of Lakewood.
Investment highlights
- 1310 West 116th St:
- Building Area: 12,000 Sqft
- All units have been updated
- All Brick Structure with newer vinyl windows
- Updated Common areas
- Forced Hot Air furnace in each unit
- Tenants pay gas & electric
- On site laundry with modern machines
- On Bus Line, Near Metro Train Service
- Very high walkable score so most errands can be accomplished on foot
- Well-maintained property
- Located in the historic Edgewater Park neighborhood in Cleveland. Edgewater Park is nearby with beach access, walking trails, picnic areas, beach house, etc.
- Parking: Street Parking
- Year Built: 1920
- 1326 West 116th St:
- Building Area: 13,000 Sqft
- Updated Units
- Concrete surface parking lot
- All Brick Structure with newer vinyl windows
- Updated Common areas
- Tenants pay electric & gas (for cooking)
- On site laundry with modern machines
- On Bus Line, Near Metro Train Service
- Very high walkable score so most errands can be accomplished on foot
- Well-maintained property
- Located in the historic Edgewater Park neighborhood in Cleveland. Edgewater Park is nearby with beach access, walking trails, picnic areas, beach house, etc.
- Parking: Surface and Street Parking
- Year Built: 1920
- 1355 West 116th St:
- Building Area: 10,000 Sqft
- Updated Units
- Surface parking lot
- All Brick Structure with complete new exterior rear steel staircase
- Updated Common areas
- Individual Forced Hot Air furnace and hot water tank for each unit
- Tenants pay electric & gas
- On site laundry with modern machines
- On Bus Line, Near Metro Train Service
- Very high Walkable score so most errands can be accomplished on foot.
- Well maintained property
- Located in the historic Edgewater Park neighborhood in Cleveland. Edgewater Park is nearby with beach access, walking trails, picnic areas, beach house, etc.
- Parking: Surface and Street Parking
- Year Built: 1900
Listing Contacts
Listed by Allegro Real Estate Brokers & Advisors
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