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29391413
29391414

2830-2836 East 130, Cleveland, OH 44123

RS
OH 20230000830
Berkadia Real Estate Advisors LLC
Listed by Berkadia Real Estate Advisors LLC
$2,000,000
130 days on market
Updated 130 days ago

Crandell Park Apartments

Details
APN 129-17-064
Property Type Multifamily
Sub Type Apartment Building
Square Footage 24,300
Units 36
Cap Rate 7.11%
Price per SqFt $82
Year Built 1925
Buildings 2
Investment Type Value Add

Multifamily | 36 Units | $55,556/unit

Marketing description

Berkadia is pleased to present the exclusive offering of Crandell Park Apartments, a 36 unit, two building multifamily community located in the historic Shaker Square neighborhood of Cleveland, Ohio.

Built in 1925, the property sits prominently at the intersection of Buckeye Road and South Moreland Boulevard, just steps from Shaker Square’s abundant retail, dining, and neighborhood amenities. Residents benefit from exceptional transit access, with Cleveland RTA Blue and Green Line stations located within walking distance, providing direct connectivity to Downtown Cleveland and key employment centers. In addition, Crandell Park is within a 10 minute drive of two of the region’s largest employers—Cleveland Clinic and University Hospitals—supporting strong, stable renter demand.

Crandell Park Apartments represents a compelling value-add opportunity. Current ownership has completed extensive capital projects, including new windows and some select light unit renovations. A new investor can further modernize unit interiors and common areas, capture rental upside, and materially enhance returns while leveraging the property’s irreplaceable location and strong transit-oriented positioning.

Listing Contacts

RS
OH 20230000830
Berkadia Real Estate Advisors LLC
Listed by Berkadia Real Estate Advisors LLC

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Additional Information

Name
Robert Starrett
License
20230000830
Brokerage
Berkadia
Brokerage Phone
216 367 2102
Title
Managing Director
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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