14801 Clifton Blvd - Apartments FOR SALE


Lakewood, OH 44107
$989,900 USD
216-619-9696
14801 Clifton Blvd, Lakewood, OH for Sale
$989,900 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

14801 Clifton Blvd
Lakewood, OH 44107


HIGHLIGHTS

  • Hot Lakewood Market
  • Very visible location
  • Walkable to Lakewood Park and downtown Lakewood

OVERVIEW

Exceptional investment opportunity in the heart of Lakewood! This well maintained 13 unit brick multifamily building is fully occupied except for one unit, offering immediate income potential. The property features a desirable mix of one bedroom/one bath and two bedroom/one bath layouts, appealing to a wide range of tenants. Many units have had updates in recent years, and a new boiler was installed in 2019, providing peace of mind for investors and reducing future maintenance costs. Inside, units offer different layouts with built-ins, hardwood flooring, LVT, carpet or ceramic making them attractive and renter ready. With strong occupancy, consistent rental demand and significant recent improvements this property represents a turnkey investment in one of Greater Cleveland’s most sought-after rental markets. Parking is located in the rear, including carports and additional lot spaces, adding convenience and value for tenants. The property is ideally located within walking distance to Lakewood Park and all of the shops and restaurants in downtown Lakewood. Additionally the property is only minutes from downtown Cleveland and University Circle. Quick access to I-90 and the Lakefront Shoreway makes commuting easy, while public transportation is right at the doorstep. Multiple RTA bus stops are located along Clifton Boulevard (routes 55, 55B, 55C), offering quick, direct connectivity to downtown and surrounding areas.

FOR SALE DETAILS

PRICE

$989,900 USD

PRICE/SF

$96 USD /SF

# OF UNITS

13

PRICE/UNIT

$76,146

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1904

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

R2

APN/PARCEL ID

312-15-063

ASK ABOUT THIS PROPERTY

David SharkeyProgressive Urban Real EstateMore Info
216-619-9696

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David SharkeyProgressive Urban Real EstateMore Info
216-619-9696

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