$8,500,000

11118 Clifton Boulevard , Cleveland, OH 44102

 
Bedrooms:0 beds
Bathrooms:0 baths
Commercial Sale:0 sqft
Lot:0.75
Year Built:1910
Listing Status:Active

Listing Agent

Tal Tamir
https://www.russellrealty.com
Loan Amount:
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Annual Tax:
Monthly Principal + Interest:$
Monthly tax: $
Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

A rare opportunity to acquire a fully renovated 134-unit apartment building with 5 retail storefronts, ideally located just blocks from the highly sought-after Lakewood neighborhood! This expansive property has recently completed a full interior and common area renovation, featuring modern vinyl flooring, stylish kitchen and bathroom upgrades, fresh paint, and updated amenities throughout. Offering a mix of studios, one-bedrooms, and two-bedroom units — all with consistent, contemporary finishes — the building is experiencing a strong lease-up phase after their recent construction overhaul, thanks in part to an on-site leasing agent. Of the five retail storefronts, three are white-boxed and ready for new tenants, while one is currently leased on a month-to-month basis at under-market rent. The owner currently pays all utilities, and the building operates on a boiler heat and water system — a major value-add for tenants that enhances appeal. Tenants enjoy the unbeatable value of living steps away from Lakewood at a more affordable price point, making this an exceptional investment with upside potential. Seller is open to offering short-term seller financing with attractive terms: 24-month interest-only financing at 6% up to 20% of the purchase price.

Detailed Items

Other Information

11118 Clifton Boulevard, Cleveland, OH, 44102 is a commercial sale listing of 0 sqft on a lot of 0.75. This commercial sale listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property11118 Clifton Boulevard, Cleveland, OH
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