3638 W 117th St - Apartments FOR SALE


Cleveland, OH 44111- Jefferson
$995,000 USD
216-298-3471
3638 W 117th St, Cleveland, OH for Sale
$995,000 USD
Apartments - FOR SALE
1/30
null | Request Cap Rate

3638 W 117th St
Cleveland, OH 44111
Jefferson


HIGHLIGHTS

  • • Significant Value-Add Potential: Less than 50% of units have been renovated
  • • Rental Upside: Current rents are approximately $70/month below market
  • • Additional Parcel with Development Potential

OVERVIEW

Halloran Park Apartments is a 22-unit multifamily asset located in the heart of Cleveland’s West Side. This well-located property offers a strong mix of studio and one-bedroom apartments, making it ideal for working professionals, students, and urban renters. With proximity to retail, parks, and major transit routes, the location supports long-term tenant demand. • 22 Units: Studio & 1-Bedroom Mix • Significant Value-Add Potential: Less than 50% of units have been renovated • Rental Upside: Current rents are approximately $70/month below market • Prime Location: Steps from Halloran Park, close to I-71, and minutes to Downtown Cleveland • Stabilized Cash Flow with Room to Grow • Ample Off-Street Parking • Additional Parcel with Development Potential • Individually Metered Electric

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$90 USD /SF

# OF UNITS

22

PRICE/UNIT

$45,227

CAP RATE

Request Cap Rate

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Halloran Park Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

30

LAND DETAILS

LAND ACRES

33 AC

LAND SF

1,437,480 SF

ZONING

C1, Cleveland

APN/PARCEL ID

018-21-042,018-21-043

ASK ABOUT THIS PROPERTY

Peter GrealisGrealis GroupMore Info
216-298-3471

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Peter GrealisGrealis GroupMore Info
216-298-3471

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