216-525-1488
3219 Detroit Ave, Cleveland, OH for Sale
Apartments - FOR SALE
1/29
null | Request Cap Rate

3219 Detroit Ave
Cleveland, OH 44113
Ohio City


HIGHLIGHTS

  • Prime investment featuring 42 one-bedroom units, 18 two-bedroom units, and three occupied retail units.
  • Located near major employment centers, dining, entertainment, and neighborhood amenities.

OVERVIEW

Cushman & Wakefield | CRESCO Real Estate is pleased to present this Offering Memorandum for EDGE32, a 6-story Class A luxury multifamily and retail property located at 3219 Detroit Avenue in the highly desirable Hingetown neighborhood of Ohio City in Cleveland, Ohio. Constructed in 2017, the 60-unit property features 42 one-bedroom, one-bathroom units and 18 two-bedroom, two-bathroom units, along with two occupied retail units along highly-trafficked Detroit Avenue, generating significant income, including one occupied retail unit with a new 10-year NNN lease with a well established dental practice. Residents of EDGE32 enjoy an on-site private fitness center, a multi-use community room, and covered and surface parking options, while each unit features quartz countertops, high-end stainless steel appliances, LVT flooring, generously sized bedrooms, a balcony, and oversized glass windows, with the majority of the units featuring panoramic views of Downtown Cleveland and Lake Erie.

FOR SALE DETAILS

PRICE

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# OF UNITS

59

CAP RATE

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% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Edge32

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2017

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,975 SF

ZONING

LR

APN/PARCEL ID

003-26-008

ASK ABOUT THIS PROPERTY

David LebCushman & Wakefield | CRESCO Real EstateMore Info
216-525-1488

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David LebCushman & Wakefield | CRESCO Real EstateMore Info
216-525-1488

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