11118 Clifton Blvd - Apartments FOR SALE


Cleveland, OH 44102- Edgewater
$7,750,000 USD
440-526-9400
11118 Clifton Blvd, Cleveland, OH for Sale
$7,750,000 USD
Apartments - FOR SALE
1/43
null | Request Cap Rate

11118 Clifton Blvd
Cleveland, OH 44102
Edgewater


HIGHLIGHTS

  • 131-Unit Apartment Building
  • Terrific location near desirable Lakewood
  • Recently undergone complete renovation
  • Diverse mix of studios, 1BR & 2BR units with consistent contemporary finishes
  • On-site leasing agent
  • Boiler heat and water system

OVERVIEW

A rare opportunity to acquire a fully renovated 131-unit apartment building with 5 retail storefronts, ideally located just blocks from the highly sought-after Lakewood neighborhood! This expansive property has recently completed a full interior and common area renovation, featuring modern vinyl flooring, stylish kitchen and bathroom upgrades, fresh paint, and updated amenities throughout. Offering a mix of studios, one-bedrooms, and two-bedroom units — all with consistent, contemporary finishes — the building is experiencing a strong lease-up phase after their recent construction overhaul, thanks in part to an on-site leasing agent. Of the five retail storefronts, three are white-boxed and ready for new tenants, while one is currently leased on a month-to-month basis at under-market rent. The owner currently pays all utilities, and the building operates on a boiler heat and water system — a major value-add for tenants that enhances appeal. Tenants enjoy the unbeatable value of living steps away from Lakewood at a more affordable price point, making this an exceptional investment with upside potential. Seller is open to offering short-term seller financing with attractive terms: 24-month interest-only financing at 6% up to 20% of the purchase price.

FOR SALE DETAILS

PRICE

$7,750,000 USD

PRICE/SF

$100 USD /SF

# OF UNITS

131

PRICE/UNIT

$59,160

CAP RATE

Request Cap Rate

% LEASED

63%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Clifton Court Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

Multi-Family

APN/PARCEL ID

001-19-337,001-19-338,001-19-339,001-19-340,001-19-341,001-19-342,001-19-343,001-19-344,001-19-346,001-19-347,001-19-348,001-19-349,001-19-351,001-19-353,001-19-354,001-19-355,001-19-356,001-19-357,001-19-360,001-19-361,001-19-363,001-19-364,001-19-365,001-19-366,001-19-367,001-19-368,001-19-369,001-19-370,001-19-371,001-19-372,001-19-373,001-19-374,001-19-375,001-19-376,001-19-385,001-19-387,001-19-388,001-19-390,001-19-391,001-19-394,001-19-398,001-19-399,001-19-402,001-19-403,001-19-404,001-19-405,001-19-406,001-19-407,001-19-408,001-19-409,001-19-417,001-19-418,001-19-419,001-19-420,001-19-421,001-19-422,001-19-423,001-19-424,001-19-425,001-19-426,001-19-427,001-19-428,001-19-429,001-19-430,001-19-431,001-19-432,001-19-433,001-19-434,001-19-435,001-19-436,001-19-437,001-19-438,001-19-439,001-19-440,001-19-442,001-19-443,001-19-444,001-19-445,001-19-446,001-19-448,001-19-449,001-19-450,001-19-451,001-19-452,001-19-453,001-19-454,001-19-455,001-19-456,001-19-457,001-19-458,001-19-459,001-19-460,001-19-465,001-19-466,001-19-467

ASK ABOUT THIS PROPERTY

Ted ShoafRussell Real Estate ServicesMore Info
440-526-9400

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Ted ShoafRussell Real Estate ServicesMore Info
440-526-9400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.