2224 & 2051 Murray Hill Road Multi-Family FOR SALE


Cleveland, OH - Little Italy
$900,000 USD
216-525-1488
, Cleveland, OH for Sale
$900,000 USD
Multi-Family - FOR SALE
1/18
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2224 & 2051 Murray Hill Road
Cleveland, OH
Little Italy


HIGHLIGHTS

  • 100% occupied with below-market rents.
  • Well-positioned in a prime location with excellent walkability.
  • No major deferred maintenance with buildings being well-maintained.

OVERVIEW

This offering includes a 2-property apartment portfolio in Little Italy, Cleveland with a special opportunity to acquire a well-maintained multifamily portfolio in one of Cleveland’s most sought-after neighborhoods. The offering consists of 9 units across two buildings – a 4-unit and a 5-unit building, offering a balanced mix of rental income potential. The properties are 100% occupied with below-market rents providing immediate value-add for investors to increase cash flow by adjusting rents to market rates. Well-positioned in a prime location with excellent walkability. No major deferred maintenance with both buildings being well-maintained, minimizing upfront capital expenditures other than unit cosmetic improvements to capture market rent.

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.