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6001 Woodland Ave
Cleveland, OH 44104 Fairfax

$2,199,000 USD

Apartments For Sale  •  289,327 SF

Property Details

  • Property Type Apartments
  • Total Building Size 289,327 SF
  • Lot Size 2.9 AC
  • Building Class C
  • Year Built 1968
  • Zoning MF4
50 Transit Score
70 Walk Score

Highlights

Unrivaled 25.95% Proj. Cap: Current Gross Income is $395k, with a clear path to a $570k+ NOI by stabilizing the remaining vacant space at $12 per sf
Priced for Immediate Liquidation: Offered at $2,199,000 ($7.72/SF)—a massive discount compared to the county’s previous tax market value $9,629,400
Over $3.3M in Recent CapEx: Zero near-term deferred maintenance w/ new roof(2022), tuckpointing(2023), elevators(2021), & generator(2022) already paid
29-Year Anchor Tenant Stability: YMCA's Y-Haven program anchors 162,000 SF on floors 4–8 with built-in 3% annual rent escalations, CAM reimbursement
Seamless Multi-Family Conversion: ±284,518 SF w/ flexible MF-F4 zoning, originally a 285-unit apt. high-rise & perfectly configured to transition
Aggressive Tax Incentive Stack: Maximize developer yield by combining massive geographic benefits from an Opportunity Zone and a LIHTC Zone

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Doorman
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Elevator
  • Public Transportation

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)) 12 min - 4.2 mi
17 min - 8.7 mi
Transit/SubwayDriveWalkDistance
East 55 (Blue Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid), Green Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid), Red Line - Greater Cleveland Regional Transit Authority Rapid Transit (The Rapid)) 2 min 18 min 0.8 mi
AirportDriveWalkDistance
Cleveland-Hopkins International 26 min - 14.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 65
Type: Surface
Included in Rent: Yes
Matthew King 440-552-5858 Green Bridge Real Estate
Matthew King 440-552-5858 Green Bridge Real Estate