1224 Huron Rd E Cleveland, OH 44115

This exceptional mixed-use property, located at 1224 Huron Road in Cleveland, Ohio's vibrant Playhouse Square Theater District, presents a rare investment opportunity. The 17,424 square foot building, known as the Starr Piano Lofts, is a fully leased, award-winning historical renovation boasting nine residential units and one retail space. The residential units comprise three one-bedroom, one-bathroom apartments and six two-bedroom, two-bathroom apartments, all featuring in-suite laundry. Three units offer stunning views overlooking Playhouse Square. The building benefits from a mix-use zoning designation, allowing for flexibility and potential future development. Currently operating at 100% occupancy, the property offers a solid investment with upside potential. Additional income streams are possible through storage lockers and parking. The building's prime location, just one block from E 9th Street and the RTA HealthLine, and its proximity to major sports arenas, ensures high demand and strong tenant occupancy. Utilities are efficiently managed with owner-paid trash removal and water/sewer, and tenant-paid electricity only. Projected net operating income (NOI) at increased market rates is $192,032, representing a 6% capitalization rate at the asking price of $3,300,000. This property is a truly unique opportunity to acquire a high-performing asset in a rapidly growing area. The asking price is $3,300,000.