18051 Lakeshore Blvd Cleveland, OH 44119

Building Details

Year Built

1962

Listing agency Adams Lynch Associates

Listed by Nick Soeder · License #BRKP.2011002507

Source Crexi

Added: Feb 3 Updated: Jul 6 at 12:42PM Checked: Jul 21 at 4:55AM

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Investment Insights

Based on property information with market context.

Windward Place Apartments features 21 one-bedroom, one-bathroom units. The property is located one block from Lake Erie on Cleveland’s Lakeshore Boulevard. The building is well-maintained and offers an opportunity to own property in a convenient and popular submarket. The property size is 17727 square feet. The average rent is currently $733 per month.

Key Highlights

• Prime location: Just one block from Lake Erie on Cleveland’s Lakeshore Boulevard.
• Immediate cash flow: Currently generating income with average rent at $733 per month.
• Strong income growth potential: Rents are over 10% below market rates, offering opportunity to increase revenue.

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FAQs

What type of property is this?

Apartment building - 21-unit apartment building near Lake Erie in Cleveland.

Where is this apartment building located?

The property is located at 18051 Lakeshore Blvd Cleveland, OH.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Prime location: Just one block from Lake Erie on Cleveland’s Lakeshore Boulevard.; Immediate cash flow: Currently generating income with average rent at $733 per month.; Strong income growth potential: Rents are over 10% below market rates, offering opportunity to increase revenue.