15 Units Mixed-Use Apartments
99% Leased/One Vacancy
Marketing description
Investment Opportunity | 15-Unit Mixed-Use Apartment Building – Cleveland, OH
Trinity Commercial Realty is pleased to present a 15-unit mixed-use investment property located at 8702 Detroit Avenue in Cleveland, Ohio. Positioned on a highly visible corner lot at Detroit Ave. and W. 87th St., this two-story brick building offers a compelling value-add or stabilized investment opportunity in a strong rental corridor.
The property consists of 15 residential units with ground-floor retail potential, totaling approximately 13,471 square feet on a 0.19-acre parcel. Originally constructed in 1920 and renovated in 2021, the asset features solid brick construction, a full basement, and updated systems, making it a durable long-term hold.
The building is serviced by public water and sewer, with central air and a hot water steam heating system. Tenants benefit from a highly accessible location with proximity to major thoroughfares, public transportation, and surrounding neighborhood amenities.
With a current asking price of $975,000, this asset presents investors with an opportunity to acquire a well-located, income-producing property with upside potential through rent growth and operational efficiencies.
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Property Highlights:
- 15 Total Units (Mixed-Use: Residential + Retail)
- ±13,471 SF Building | 0.19 Acres
- Corner Lot Location (Detroit Ave. & W. 87th St.)
- Brick Construction | Built 1920, Renovated 2021
- Full Basement | 2 Stories
- Zoned: General Retail / Apartment (GR)
- Public Utilities (Water & Sewer)
- Central Air | Hot Water Steam Heat
- Annual Taxes: $16,515.54
- High Visibility & Strong Rental Demand Area
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