11118 Clifton Blvd - Apartments FOR SALE


Cleveland, OH 44102- Edgewater
$8,500,000 USD
440-526-9400
11118 Clifton Blvd, Cleveland, OH for Sale
$8,500,000 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

$8,500,000 USD

PRICE/SF

$110 USD /SF

# OF UNITS

131

PRICE/UNIT

$64,885

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

-

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 Policy.