1734-1750 W 28th Street, Cleveland, OH 44113

$3,500,000
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List Price
$3,500,000
Status
ACTIVE
MLS#
5256155
Year Built
1962
Region
Cleveland
Township
Cleveland
Subdivision / Building
Barber & Lord
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(330) 574-4144

Property Description

1st TIME AVAILABLE IN 20+ YEARS. TWO NEIGHBORING BUILDINGS FOR A TOTAL OF 36 MODERN APARTMENTS IN THE HEART OF CLEVELAND'S MOST POPULAR NEIGHBORHOOD-OHIO CITY! 100% OCCUPIED WITH LEASES. EXCELLENT MIX OF STUDIO, ONE- & TWO-BEDROOM UNITS WITH INDIVIDUAL FURNACES AND 20 PARKING SPACES. 1734 W 28th (6 x 2BR, 6 x 1BR & 6 x STUDIOS). 1750 W 28th (1 x 2BR & 17 x 1BR). THIS PROPERTY HAS BEEN METICULOUSLY MAINTAINED AND MANAGED BY "HANDS ON" OWNERS FROM DAY ONE. UPDATES INCLUDE NEW ROOFS (2018 & 2026), 20 YEAR LEAD ABATEMENT, HALLWAY CARPETING, FURNACES AS NEEDED & ABOUT 50% CIRCUIT BREAKERS. THIS OFFERING PRESENTS A RARE OPPORTUNITY FOR AN INVESTOR TO OWN ONE OF THE VERY FEW "LARGER" APARTMENT PROPERTIES IN THE AREA, COMPETING WITH HIGH END NEW CONSTRUCTION UNITS. TURNKEY PROPERTY WITH UPSIDE TO RENTS. MASSIVE OPPORTUNITY TO MODERNIZE UNITS & MANAGEMENT TO MAXIMIZE INCOME.

(330) 574-4144
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Additional Information

Taxes
$49,369
Acres
0.21
Sewer
Public Sewer
Roof
Flat
Water
Public
Heating
Forced Air, Gas
Cooling
Wall Unit(s)
School District
Cleveland Municipal - 1809
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Listing Courtesy of: Chassity Miller, chassity@octopodallc.com With EXP Realty, LLC.

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