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3425 E 128th St
Cleveland, OH 44120 Mount Pleasant

$275,000 USD

Apartments For Sale • 9,000 SF

Property Details

Property Type Apartments
Total Building Size 9,000 SF
Lot Size 0.03 AC
Building Class C
Year Built 1925
Cap Rate 20.00 %
Zoning LR

44 Transit Score

59 Walk Score

                
                    Highlights
                
                                3425 E 128th St is home to a 10-unit multifamily building delivered vacant to the market and in rehab-ready condition to tap into upside potential.
                            
                                Nestled in great residential location that is in the quiet neighborhood of Mt. Pleasant.
                            
                                The property has low taxes and expenses and modern improvements will enable stabilized occupancy and market-rate rent opportunities. 
                            
                                Each unit averages 900 square feet and has a kitchen, tub/ shower bath, living room/ dining room, and bedroom.

Property Flyers

View the January 2025 CMHA HCVP Payments

View 3421 E 128th 10 Units Proforma 2026

Financial Summary (Proforma)

Net Operating Income: $100,000 USD (2026)

Cap Rate:	20.00 %
Total Expenses:	$20,000 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
	17 min	-	7.1 mi
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	-	7.8 mi
Airport	Drive	Walk	Distance
Cleveland-Hopkins International	28 min	-	17.1 mi

Kevin Klein 800-993-1637 Kevin Klein

3425 E 128th St Cleveland, OH 44120 Mount Pleasant