1376 112Th St Cleveland, OH 44102
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 1376 112Th St
- Property type
- Apartment buildings
Description
This well-maintained, 34-unit apartment building presents a compelling investment opportunity in a rising Cleveland neighborhood. Located at 1376-1380 W. 112th Street, Cleveland, OH 44102 (APN 001-18-071), this property boasts high occupancy, historically maintaining 30-32 occupied units over the past two years. Recent capital improvements include a new roof and windows installed in 2019, along with exterior brickwork completed the same year. A new boiler is scheduled for installation in April 2023. The property includes on-site laundry facilities with equipment owned by the seller, eliminating third-party contracts. Its convenient location offers walkability to the Detroit Avenue commercial corridor near the Lakewood border, adding to its appeal. The asking price for this exceptional multifamily asset is $2,200,000. This is a turnkey investment opportunity with strong potential for future growth and returns.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.7652
- Latitude
- 41.4833
