1156 Carl Ave - Apartments FOR SALE


Cleveland, OH 44103- St Clair-Superior
$370,000 USD
216-318-7259
1156 Carl Ave, Cleveland, OH for Sale
$370,000 USD
Apartments - FOR SALE
1/38
null | Request Cap Rate

1156 Carl Ave
Cleveland, OH 44103
St Clair-Superior


HIGHLIGHTS

  • Major renovations completed, including new roof (2025) with 15-year warranty.
  • Two units already rented at $1,150/month; remaining units vacant and ready for lease-up.
  • Updated systems throughout: new electrical panels, PVC plumbing, newer furnaces, and vinyl windows.

OVERVIEW

This updated 6-unit apartment building offers strong cash flow potential with major improvements already completed. Each unit has 2 bedrooms and 1 full bath. The roof was replaced in 2025 and comes with a 15-year warranty. Each unit features refinished hardwood and luxury vinyl plank flooring, fresh paint, updated kitchens, and several bathroom upgrades. Every unit also includes a private porch, adding to tenant appeal. Building systems have been modernized with new GE electrical panels and wiring in each unit, a new exterior electric meter bank, updated PVC plumbing, newer furnaces, and several newer hot water tanks. Vinyl windows are installed throughout. Currently, Unit 1,2,5 & 6 are rented at $1,150/month each, with the remaining units vacant and ready for lease-up. This property is a turnkey opportunity for investors seeking immediate income with long-term upside.

FOR SALE DETAILS

PRICE

$370,000 USD

PRICE/SF

$77 USD /SF

# OF UNITS

6

PRICE/UNIT

$61,667

CAP RATE

Request Cap Rate

% LEASED

33%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1917

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,418 SF

ZONING

2F

APN/PARCEL ID

105-21-035

ASK ABOUT THIS PROPERTY

Peter KrusinskiRE/MAX TrinityMore Info
216-318-7259

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Peter KrusinskiRE/MAX TrinityMore Info
216-318-7259

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