1734-1750 W 28th Street, Cleveland, OH 44113
sale
$3,500,000
|
Apartment
Courtesy Of EXP Realty
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.
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Property Features
- Age: Over 50 Years Old
- Cooling System: Wall Unit(s)
- Heating System: Forced Air
- Heating System: Natural Gas
- Legal Description: 51&70 B&L 0172 ALL and 51 B&L 0173 ALL
- MLSID: 5256155
- Parking Spaces: 29
- Roof Type: Flat
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