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Apartments For Sale • 16,010 SF
| High-Yield 11.54% Cap Rate: Features a projected Net Operating Income of $103,729 at full occupancy. |
| Instant Equity Pricing: Offered at $899,000 ($52,882/unit), which is $131,000 below its July 2025 appraisal of $1,030,000. |
| Turnkey 2024 Renovations: Fully updated with $87,000 in common area upgrades, a new laundry facility, updated electric, and newer windows. |
| Stabilized Cash Flow: Currently 88% occupied (15/17 units) with an out-of-state owner directing an immediate, motivated sale. |
| Value-Add Conversions: Three units were gut-renovated from storefronts to studs with independent, tenant-paid forced-air gas furnaces. |
| Tenant-Paid Utilities: Residents pay their own electric (and gas in select units), keeping landlord utility overhead low. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Cleveland Lakefront Station (Blue Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid), Green Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid)) | 18 min | - | 6.4 mi |
| 19 min | - | 7.5 mi | |
| Transit/Subway | Drive | Walk | Distance |
| East 116 (Blue Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid), Green Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid)) | 2 min | 11 min | 0.5 mi |
| Woodhill (Blue Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid), Green Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid)) | 3 min | 14 min | 0.7 mi |
| Shaker Square (Blue Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid), Green Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid)) | 3 min | 20 min | 1.0 mi |
| Airport | Drive | Walk | Distance |
| Cleveland-Hopkins International | 26 min | - | 16.3 mi |
Matthew King
Green Bridge Real Estate
Matthew King
Green Bridge Real Estate
