

1224 Huron Road
Multifamily
Marketing description
Rare Opportunity to Own One of the Newest Mixed-use Residential Buildings in the Rapidly Growing Theater District. 1224 Huron Road, Aka: Starr Piano Lofts, Was the 2018 Downtown Cleveland Alliance Development Award Recipient. Starr Piano Lofts in Playhouse Square, Cleveland, Ohio: Hoff & Leigh is Proud to Offer the Newest Mixed-use, 9 Residential & 1 Retail Unit, the Starr Piano Lofts. Located at 1224 Huron Ave, Cleveland, Oh 44115, in the Playhouse Square / Theater District. Offered for Sale: $2,900,000. The Starr Piano Lofts is an Award-winning Historical Renovation and Consists of 3 One-bedroom & One-bath Units and 6 Two-bedroom & Two-bath Units, All With in-suite Laundry. Three Units Overlooking Playhouse Square. The Property is a Solid Fully Leased Investment Opportunity With Upside Potential! Storage Lockers and Parking Can Provide Additional Income. Excellent Location, One Block From E 9th Street, All Major Sports Arenas and at the Corner of the Rta Health-line. Owner Paid Trash Removal and Water / Sewer; Tenant Paid Electric Only. Projected Noi at Increased Market Rates at $192,032 or a 6% Cap at the Asking Price of $2,900,000. Currently the Property is 100% Occupied!
Listing Site: https://www.hoffleigh.com/listing/1224-huron-road/
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