3182 West 25th Street
Multifamily | 9 Units
Marketing description
Cushman & Wakefield | CRESCO Real Estate is pleased to present the opportunity to acquire a fully stabilized, mixed-use investment property located at 3182 West 25th Street in Cleveland, Ohio. The property consists of seven (7) residential apartment units and two (2) street-level commercial suites, providing investors with a diversified income stream in one of Cleveland's most active and rapidly evolving neighborhoods.
The asset has undergone an extensive renovation, with ownership completing a comprehensive improvement program that upgraded virtually every major building component while preserving the property's historic masonry structure. As a result, investors can acquire a turnkey asset with minimal near-term capital expenditure requirements.
The commercial component is supported by long-term leases with contractual annual rent escalations, creating predictable income growth while complementing the stability of the residential units. Additionally, the property's flexible residential leasing structure provides opportunities to capture future rental upside as units turn over and market rents continue to strengthen.
Combining a highly visible location, diversified tenancy, significant capital improvements, and long-term income stability, 3182 West 25th Street represents an attractive opportunity to acquire a well-maintained mixed-use asset positioned for both dependable cash flow and future appreciation.
Investment highlights
- Strategic Ohio City / MetroHealth Location
- Located on West 25th Street in the rapidly evolving Ohio City and MetroHealth campus neighborhood, the property is positioned within a 5-minute walk or drive to an abundance of local amenities, commercial hubs, and retail destinations.
- Fully Rehabbed, Turnkey Asset
- The property features a complete top-to-bottom rehabilitation, including brand-new HVAC, plumbing, electrical systems, a new roof, upgraded commercial storefronts, and high-end cosmetic finishes throughout. This extensive capital improvement program positions the asset as a turnkey investment requiring minimal immediate capital expenditures.
- Stable and Cash-Flowing Tenancy
- The mixed-use building is fully occupied, consisting of stable residential apartments paired with two ground-floor retail storefronts. This diversified tenant mix delivers strong, immediate cash flow from day one with reliable occupancy.
- Protected Submarket on the Rise
- Situated directly in the path of progress, the asset benefits from an active tax abatement that shields investors from significant property tax increases and reduces overall expense growth. This structural advantage maximizes net operating margins as the surrounding submarket continues to experience meaningful appreciation.
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