1376-1380 W 112th St - Apartments FOR SALE


Cleveland, OH 44102- Edgewater
$1,750,000 USD
216-235-1559
1376-1380 W 112th St, Cleveland, OH for Sale
$1,750,000 USD
Apartments - FOR SALE
1/13
null | 7.96% Cap Rate

1376-1380 W 112th St
Cleveland, OH 44102
Edgewater


HIGHLIGHTS

  • Units feature spacious living areas with hardwood floors.
  • Strong tenant history.

OVERVIEW

Well-located, well-maintained 34-unit investment opportunity. Rising neighborhood, walkable to Detroit Avenue commercial corridor near Lakewood border. High occupancy property (30-32 units occupied historically over last 2+ years). New windows & roof installed 2019. Exterior brick work completed in 2019 (clean/tuck pointing). Boiler replacement scheduled for April 2023. On-site laundry facilities (equipment owned by seller, no third party contract).

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$32 USD /SF

# OF UNITS

34

PRICE/UNIT

$51,471

CAP RATE

7.96%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1376-1380 West Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,950 SF

ZONING

D-2, Cleveland

APN/PARCEL ID

001-18-071

ASK ABOUT THIS PROPERTY

Rico PietroCushman & Wakefield | CRESCO Real EstateMore Info
216-235-1559

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Rico PietroCushman & Wakefield | CRESCO Real EstateMore Info
216-235-1559

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