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12491-12497 Cedar Rd
Cleveland, OH 44106 Cedar-Fairmount

Price Upon Request

Apartments For Sale  •  40,884 SF

Property Details

  • Property Type Apartments
  • Total Building Size 40,884 SF
  • Lot Size 0.26 AC
  • Building Class C
  • Year Built 1923
46 Transit Score
67 Walk Score

Highlights

Owned and self-managed by local, private investor for the past 40+ years
Significant recent capital improvements include 2 new boilers (2024) and a new roof (2023)
More than $58,800 of annual organic rental income growth by increasing below market rents
Located in the central core of the Cedar-Fairmount District - One of Cleveland’s trendiest neighborhoods.
3 minutes from Case Western Reserve University - Top 50 college in US and more than 20,000 total students and staff
Less than 7 minutes from University Circle and Little Italy (75+ restaurants, 50+ shops and small businesses, 10+ museums)

Amenities

  • 24 Hour Access
  • Controlled Access
  • Laundry Facilities
  • Tenant Controlled HVAC
  • Heating
  • Smoke Free
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Vinyl Flooring
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
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)) 19 min - 6.9 mi
AirportDriveWalkDistance
Cleveland-Hopkins International 33 min - 17.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 14
Type: Covered
Included in Rent: Yes
Michael Barron 216-264-2048 Institutional Property Advisors
Michael Barron 216-264-2048 Institutional Property Advisors