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For Sale Apartment

1734-1750 28th Street, Cleveland, OH

1734-1750 28th Street, Cleveland, OH, 44113
$3,500,000

Property Details

Apartment

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.

Property Information

Address 1734-1750 28th Street
City Cleveland
State OH
Zip Code 44113
Price $3,500,000
Property Type Commercial Sale
Listing Type Apartment

Location

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