Shelby Blecker - Commercial Real Estate Showcase

Shelby Blecker Property Listings
Shelby Blecker
7620 Waring Ave
Los Angeles, CA 90046
(310) 558-4752

20253 Lorain Road - The Fairview Park Apartments

Fairview Park, OH 44126-3485 - Fairview Park MF Submarket

Property Type:Multi-Family Number of Units:48 Status:Existing Year Built:1956
Stories:3 Building Size:36,930 SF Land Area:2.48 AC (108,029 SF)
For Sale Price:$2,400,000 Price/Unit:$50,000.00 Cap Rate:9.10 % GRM:-

Parking:1.25 Parking Spaces / 1,000 SF

Sale Notes:
BULLS EYE! In the center of 2 major NEW developments on Lorain Road in Fairview Park. Only 6 blocks to the east is a 34 luxury condo unit development being built. Visit This condo development already has 10 units PRE-SOLD!
Another new development, O' Neill Healthcare, is 3 blocks to the west on Lorain Rd. A brand new 118 bed facility that will employee 115 people.
Incredible development opportunity to build 20 to 30 more units with positive cash flow until your plans and permits are approved and ready to go. All slope & grading work with full plans & engineering completed in 2012.
Great unit mix of 46 two bedroom units and 2 one bedroom units. These beautiful buildings have new windows, roofs, a/c units, garage doors, hard wired smoke detectors and emergency lighting with many new furnaces and hot water tanks. Suites have individual furnaces and hot water tanks no gas bill to contend with!
Located on the beautiful west side of Cleveland near Hopkins International Airport. Located near Wooster Road and overlooking the Metro Parks. Ask for full demographics. The City of Fairview Park has a new Gemini Recreation Center and Library - both down the block as well. Reinvestment in the City has been increasing and there are many re-development incentives being offered by the City, County and State as well.

Shelby Blecker
Shelby Blecker
(310) 558-4752

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